US President Donald Trump has imposed higher-than-expected tariffs on imported goods from around the world. As a result, American consumers may see price increases for products like champagne, parmesan cheese, and luxury cars like Ferraris. Companies will need to adapt to these new tariffs and find ways to mitigate their impact on supply lines.
Source: https://www.bloomberg.com/news/articles/2025-04-05/from-ray-bans-to-wigs-us-buyers-may-see-unexpected-price-hikes