Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will 'Make Life Affordable'

Retailer Costco Wholesale Corporation COST is the latest company to warn about the impact tariffs imposed by President-elect Donald Trump could have on higher prices for consumers.What Happened: Costco beat analyst estimates for revenue and earnings per share in the first-quarter financial results last week.While many investors and analysts were focused on higher membership fee revenue thanks to a price increase earlier this year and new milestones across items like deliveries, pharmacy, pizzas and Thanksgi ...