From Retail to Tech: Companies Passing Trump’s Tariff Costs to Consumers

President Donald Trump’s extensive tariffs have left many Americans feeling disoriented. The range of companies announcing price revisions is formidable. Key measures include a 10% standard tariff on most imports and a staggering 30% on many Chinese goods, with steel and aluminum facing even heftier fees. Retailers, contrary to Trump’s assertion that they would absorb costs, warn of impending price hikes on everyday items, including groceries and electronics. Walmart recently indicated it would raise prices due to elevated tariffs, while Mattel expressed concern about the impact on toy prices. Electronics giant Best Buy cautioned that vendors would shift costs to retailers, likely affecting consumers. Additionally, companies like Ford and Procter & Gamble signaled potential price increases in response to these economic pressures.