President Trump’s trade policies are causing American consumers to notice higher prices in their shopping carts. More companies are warning that they will have to raise prices due to increased costs from tariffs.
Several major companies, including Stanley Black & Decker and Adidas, have announced price increases for various products. Procter & Gamble executives said the company would likely increase prices for some products to mitigate the effects of higher tariffs.
The impact of Trump’s policies is already being felt, with households noticing higher prices for goods. Companies in industries heavily affected by China, such as strollers and baby products, are also raising prices.
Industry experts say companies are struggling to absorb price increases without passing them on to consumers. Some companies have paused orders from China or moved manufacturing to the US, but still face challenges due to high production costs.
The blanket tariff instituted by Trump is affecting companies that source materials globally. Avocado Green Mattress and Réalisation Par, which sell organic mattresses and silk dresses respectively, are increasing prices by 6% and 20%, citing higher material costs.
Industry analysts believe companies will continue to raise prices unless consumers begin to bear the burden. The impact of tariffs on consumer spending and economic growth is a concern, with some experts warning that it could lead to a slowdown in economic growth.
Source: https://www.nytimes.com/2025/05/02/us/politics/companies-tariffs-price-increases.html