Source: The American Prospect
by David Dayen
“Before the Liberation Day tariffs were imposed on April 2, grocery giant Albertsons sent a letter to its suppliers, noting the potential economic challenges ahead. ‘We understand this situation may raise concerns for your business operations and the ongoing relationship we share,’ stated Albertsons executive vice president and chief merchandising and digital officer Omer Gajial, who wrote that he wanted to ‘clarify’ Albertsons’ policy regarding the tariffs. ‘We are committed to maintaining the value proposition our customers expect,’ Gajial continued. ‘Therefore, with few exceptions, we are not accepting cost increases due to tariffs.’ In other words, regardless of higher supplier costs from components of their goods sourced from China or other countries, they would have to absorb those increases if they want to sell to Albertsons. Tariff costs could not be included in invoices without prior authorization, Gajial said.” (04/15/25)
https://prospect.org/economy/2025-04-15-how-trump-tariffs-assist-monopoly/