These Companies Will Raise Prices because of Trump’s Tariffs
- President Donald Trump imposed significant tariffs starting in 2018, including a 10% baseline on most imports and up to 30% on many Chinese goods, affecting various sectors in the US.
- The tariffs followed executive orders removing exemptions like the $800 de minimis rule, leading to broader application on retailers like Shein and Temu, and impacting import-dependent companies.
- Major companies including Walmart, Mattel, Stanley Black & Decker, Ford, Subaru, and Adidas reported rising costs and announced plans to raise prices, citing tariffs and increased operating expenses.
- Walmart CEO Douglas McMillon said tariffs were 'too high' and narrow retail margins prevent absorbing all costs, while Mattel faced threats of a 100% tariff from Trump on its toy exports to its largest market.
- These tariff-driven cost increases are causing retailers to raise prices on goods ranging from groceries and clothing to cars and toys, signaling widespread price growth for American consumers in 2025.
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·Washington, United States
Read Full ArticleNearly 70% U.S. consumers expect higher costs amid tariff concerns
A growing number of Americans are bracing for higher costs as concerns mount over U.S. trade policies. According to a new Harris Poll conducted for Bloomberg News, 69 percent of U.S. adults expect everyday goods to become more expensive due to tariffs
·Beijing, China
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Total News Sources29
Leaning Left3Leaning Right3Center14Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
15%
C 70%
15%
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