Albertsons supermarket chain warns suppliers company is 'not accepting cost increases' over Trump's tariffs [View all]
North America’s second-largest supermarket chain is warning its suppliers that it won’t allow price hikes due to President Trump’s tariff spree.
Albertsons, which operates over 2,200 grocery stores — including Balducci’s, Kings and Acme in the New York area, blasted out a missive to its suppliers late last month, explaining that suppliers must get authorization for significant price hikes.
“With few exceptions, we are not accepting cost increases due to tariffs,” stated the letter, first uncovered by American Economic Liberties Project researcher Matt Stoller.
“Suppliers are not permitted to include tariff-related costs in invoices without prior authorization by Albertsons Companies,” the Idaho-based chain added, “Any invoices that include such charges without prior authorization will be subject to dispute and may result in payment delays.”
https://www.msn.com/en-us/money/news/albertsons-supermarket-chain-warns-suppliers-company-is-not-accepting-cost-increases-over-trump-s-tariffs/ar-AA1DID2s
Sounds like we're going to see a lot of empty shelves at Albertsons and Safeway then.
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