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Watch Your Coins, Dollar Tree’s Raising Prices | Forbes

Dollar Tree’s one dollar promise may be going away as the U.S. tariff war with China continues to play out. The discount chain has been testing pricier products in its “Dollar Tree Plus” collection in an effort to increase sales. CultureBanx reported minority communities across the country may be shelling out more money as they battle rising prices from stores catered to low-end consumers, especially where the majority of its products are made in China.

The Breakdown You Need to Know

After PresidentTrump announced an increase in tariffs on $200 billion of Chinese goods last month, many retailers will pass down the costs to consumers. Since Dollar Tree manufactures about 40% of its products in China, they must find a way to manage costs. The discount retailer began initial testing of its higher priced items in May and noted they would expand to more than 100 urban, suburban, and rural Dollar Tree store locations, according to Business Insider.

“Even with these efforts, we believe our shoppers will be facing higher prices as 2019 progresses,” Dollar General’s CFO said.

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Watch Your Coins, Dollar Tree’s Raising Prices.

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