U.S. wholesale chain Costco opened its first store in China and the overwhelming response led to an early end to the day. Yahoo Finance’s Dan Howley joins Akiko Fujita on ‘The Ticker’ to discuss.
Daniel: Today, Donald Trump insisted that China pays the tariffs, hundreds of billions of dollars are coming in from China that never did before. Mr. Trump, please wake up and listen, the importers like Walmart are paying the tariffs and then pass it on to consumers in the form of higher prices. "we, the consumers are the people paying the tariffs".