AutoZone will raise prices to counter 'significant' impact from China tariffs

President Trump’s latest volley in a trade war with China will raise supply costs for AutoZone significantly, and the retailer plans to cope by charging higher prices, its chief executive officer said Tuesday.

The White House finalized an additional 10 percent tariff on $200 billion worth of Chinese goods on Monday, bringing the total amount of impacted products to $250 billion. Trump also threatened to add levies on an additional $267 billion in imports, which would cover nearly all shipments from China; his administration has previously imposed double-digit tariffs on steel and aluminum.