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Majority of US Companies say They Have to Raise Prices Due to Trump Tariff
A majority of US companies say they will have to raise their prices to accommodate Donald Trump's tariffs in the US, according to a new report.
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Corky
Joined 2005/05/24Visited 2025/05/20
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US homebuilders pulled back on projects in April amid whipsaw tariff announcements and growing fears of economic stress, new data on Friday revealed.[image or embed] -- CNN (@cnn.com) May 19, 2025 at 8:03 PM
US homebuilders pulled back on projects in April amid whipsaw tariff announcements and growing fears of economic stress, new data on Friday revealed.[image or embed]
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Thanks for the regressive tax increase, Republicans!
#1 | Posted by snoofy at 2025-05-20 05:48 PM | Reply
@#1
The Trump regime had been saying that the exporting country, e.g., China, would pay for the Trump tariffs.
Now that the results of those tariffs seem to be reaching consumers, the Trump regime seems to be changing its tune, now saying that US retailers should absorb the tariff costs.
While that directive may work, though likely not, for huge retailers like Walmart, what about the millions of small businesses in the US who were not able to stock up to help mitigate the results of the Trump beautiful tariffs?
#2 | Posted by LampLighter at 2025-05-20 06:39 PM | Reply
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