Executives from both Dollar Tree and Dollar General told analysts on their post-earning calls that tension with Beijing will likely hit their businesses. The warning comes after President Trump announced an increase in tariffs on $200 billion of Chinese goods earlier this month.
Dollar General executives said the retailer was working with vendors to "mitigate the impact."
"Even with these efforts, we believe our shoppers will be facing higher prices as 2019 progresses," Dollar General Chief Financial Officer John Garratt said on the call.
Dollar Tree president and CEO Gary Philbin said in a statement that new tariffs Trump has levied against China will be "impactful" to their business and consumers in general.