Dollar Tree hints at price increases, product cuts if proposed tariffs go through [Video]

President-elect Donald Trump’s tariff plans may change what products customers can find on Dollar Tree’s shelves – and push the chain to increase prices again.The discount retailer said on its earnings call Wednesday that Trump’s plans to tax imported goods may lead it to alter some product specifications, change sizes or remove them from stores altogether if they become too costly. Dollar Tree may also raise prices from their current level of $1.25.“We believe there is a wide range of potential actions that we can take to help mitigate additional tariffs if and when they materialize,” Dollar Tree interim CEO Michael Creedon said on the call.Dollar Tree, which also owns Family Dollar, did not say which products it may axe or hike prices on.Trump has threatened to impose 25% tariffs on products from Mexico and Canada and an additional 10% tariffs on goods coming from China. Tariffs are taxes placed …