The Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada. This potential regulatory action could impact Petco Health and Wellness Company, Inc. by increasing the cost of goods sourced from Canada.
Such tariffs could lead to higher operational costs for retailers like Petco, potentially affecting gross margins and consumer pricing. The announcement created market uncertainty for companies involved in international trade.
Petco's financial outlook and supply chain could be influenced by changes in trade policy, requiring potential mitigation efforts with vendors and supply chain adjustments to manage increased costs.
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