The Maker of Tide and Charmin Said It Will Raise Prices in Part because of Tariffs | News Channel 3-12

Procter & Gamble projects $1 billion hit from Trump's tariffs

Ohio-based Procter & Gamble said it expects to face $1 billion in additional costs, largely tied to President Donald Trump's new tariffs.On Tuesday, Procter & Gamble CFO Andre Schulten told investors that the company expects to incur $200 million in taxes from materials and products imported from China and $600 million on goods coming to the U.S. from the rest of the world. The company also cited $200 million in costs from retaliatory tariffs on…

The maker of Tide and Charmin said it will raise prices in part because of tariffs | News Channel 3-12

By Jordan Valinsky, CNN New York (CNN) — Procter & Gamble, the maker of several household staples including Tide detergent and Charmin toilet paper, is hiking prices because of President Donald Trump’s tariffs. The company revealed in Tuesday’s earnings call that its profits will take a $1 billion hit because of tariffs, a larger cost the company originally projected in June. As a result, P&G will increase prices on about 25% of its products, go…

Procter & Gamble beats estimates but warns tariffs will start to weigh on earnings

Procter & Gamble reported quarterly results that beat Wall Street's expectations, but introduced 2026 guidance that included a $1 billion hit due to tariffs.