Companies ready price hikes to offset Trump's global tariff plans

Source: washingtonpost

Across the United States, companies that rely on foreign suppliers are preparing to raise prices in response to the massive import tariffs that former president Donald Trump promises if he wins the election Tuesday.

Producers of a range of items, including clothing, footwear, baby products, auto parts and hardware, say they will pass along the cost of the tariffs to their American customers.

The planned price increases next year would come as consumers are beginning to enjoy relief from the highest inflation in four decades, and they directly contradict Trump’s repeated assurances that foreigners will pay the tariff tab.

“We’re set to raise prices,” Timothy Boyle, chief executive of Columbia Sportswear, said in an interview. “We’re buying stuff today for delivery next fall. So we’re just going to deal with it and we’ll just raise the prices. … It’s going to be very, very difficult to keep products affordable for Americans.”

Trump vows to impose the heaviest tariffs since the 1930s,


Read more: https://www.washingtonpost.com/business/2024/10/30/companies-tariffs-trump-prices/

2 minutes ago, Deephaven said:

They benefit from having hire prices from their suppliers?   

Who are you talking to here, monkey?

20 hours ago, Zambroski said:

Hey dummy.  American manufacturing benefits and so do the worker.  Also, I missed how much this economy is costing Americans from you.

TDS tard.

Are you taking into consideration China using the supply chain of crucial raw and manufactured materials as retaliation to tariffs? That has the potential to drive prices higher than tariffs. 

Maybe we just need to go back to funding the government off of tariffs. Kill two birds with one stone

38 minutes ago, ActionfigureJoe said:

Are you taking into consideration China using the supply chain of crucial raw and manufactured materials as retaliation to tariffs? That has the potential to drive prices higher than tariffs. 

 China will bow.  They don't have the economic machine to take a hit.  But then again, they're happy to let millions die for their socialist wonderland.

17 minutes ago, Zambroski said:

 China will bow.  They don't have the economic machine to take a hit.  But then again, they're happy to let millions die for their socialist wonderland.

It doesn’t really matter to me. Those that get caught up in these price squeezes are the lower income folks. Inflation hasn’t affected me. My investments have had double digit growth rates over the last 4 years even when adjusted for inflation. I’d say that’s true for anyone with no or low debt and healthy backlog of investments. 

1 hour ago, ActionfigureJoe said:

It doesn’t really matter to me. Those that get caught up in these price squeezes are the lower income folks. Inflation hasn’t affected me. My investments have had double digit growth rates over the last 4 years even when adjusted for inflation. I’d say that’s true for anyone with no or low debt and healthy backlog of investments. 

Middle and low income always pay the price.  They are beating out into poverty level faster now than ever.