Guno צְבִי
We fight, We win, Am Yisrael Chai
Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge. And a handful of major retailers have already raised prices across the U.S., or warned of future hikes.
President Donald Trump has slapped new import taxes on nearly all of America's trading partners and a range of sector-specific goods in recent months — all while some targeted countries, notably China, have responded with their own retaliatory duties. While many of those steepest tariffs have since been paused or reduced, scores of other remaining levies have piled up on businesses.
Here's some big-name retailers that have recently announced or anticipate price hikes amid the ongoing trade wars:
Stanley Black & Decker
Toolmaker Stanley Black & Decker said it raised prices in April and plans to do so again in the July-September quarter because of higher tariffs.
“In light of the current environment, we are accelerating adjustments to our supply chain and exploring all options as we seek to minimize the impact of tariffs on end users while balancing the need to protect our business and our ability to innovate for years to come,” CEO Donald Allan, Jr., said in a statement last month.
Procter & Gamble
Executives at Procter & Gamble — the consumer product giant that makes household brands such as Crest toothpaste, Tide detergent, and Charmin toilet paper — has also said it will likely have to pass on higher prices to consumers.
Last month, P&G said it’s doing whatever it can to reduce higher costs from tariffs, including from shifting sourcing to changing formulation to avoid duties. But the company said shoppers may still see price hikes as early as July.
President Donald Trump has slapped new import taxes on nearly all of America's trading partners and a range of sector-specific goods in recent months — all while some targeted countries, notably China, have responded with their own retaliatory duties. While many of those steepest tariffs have since been paused or reduced, scores of other remaining levies have piled up on businesses.
Here's some big-name retailers that have recently announced or anticipate price hikes amid the ongoing trade wars:
Stanley Black & Decker
Toolmaker Stanley Black & Decker said it raised prices in April and plans to do so again in the July-September quarter because of higher tariffs.
“In light of the current environment, we are accelerating adjustments to our supply chain and exploring all options as we seek to minimize the impact of tariffs on end users while balancing the need to protect our business and our ability to innovate for years to come,” CEO Donald Allan, Jr., said in a statement last month.
Procter & Gamble
Executives at Procter & Gamble — the consumer product giant that makes household brands such as Crest toothpaste, Tide detergent, and Charmin toilet paper — has also said it will likely have to pass on higher prices to consumers.
Last month, P&G said it’s doing whatever it can to reduce higher costs from tariffs, including from shifting sourcing to changing formulation to avoid duties. But the company said shoppers may still see price hikes as early as July.
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finance.yahoo.com
