US EditionConsumers Begin to Feel the Pinch of Tariffs
THE UNITED STATES, AUG 2 – Companies including Procter & Gamble and Adidas are raising prices by up to 8% to offset new tariffs, with import prices rising about 3% since March, economist Alberto Cavallo said.
8 Articles
8 Articles
Automakers are eating the cost of tariffs — for now – Knowhere News
For the auto business, tariffs have proved expensive. While tariffs on foreign-made parts and imported vehicles have been as high as 25% since the spring, higher taxes on imports such as steel and aluminum are driving up the cost of the commodities used to make cars. Despite recent agreements with the European Union and Japan, import duties from both nations remain 15% higher than in prior years. However, consumers have not yet been charged for …
(Seoul = Yonhap News) Reporter Lim Hwa-seop = The average effective tariff rate in the U.S. has dropped from 2.5% at the beginning of the year to 1% in just 7 months due to the tariff war waged by the second-term Donald Trump administration...
Consumers Begin to Feel the Pinch of Tariffs
“Companies are starting to shift more tariff-related costs onto consumers,” the New York Times reports. “Many businesses chose to absorb the additional tax during the early days of President Trump’s trade war. But evidence is emerging that they are running out of options to keep prices stable in the face of deteriorating profit margins, suggesting that the tariffs could have a more pronounced effect on prices in the months ahead.” CNN: Here’s wh…
There is little clarity as to where part of the products they buy will be affected by import taxes.
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