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Macy's CEO Warns Trade War Could Force Higher Prices

Video Credit: Wochit - Duration: 00:32s - Published < > Embed
Macy's CEO Warns Trade War Could Force Higher Prices

Macy's CEO Warns Trade War Could Force Higher Prices

Macy's is bracing itself for a fresh wave of tariffs.

Macy's CEO Jeff Gennette addressed the ongoing US-China trade war and whether it would have a meaningful impact on the department store's business.

Gennette said that tariffs imposed on Chinese imports during 2018 did not have a meaningful impact on the company.

However, new tariffs announced this month on $200 billion worth of Chinese imports likely would have an impact, specifically on Macy's furniture business.

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