Higher prices for very popular products look inevitable for our current trajectory.
In many ways and for many products in the United States, President Donald Trump's biggest impacts on aggressive tariff plans There are still remote ways in the near future. However, numerous companies have already raised prices or have said they will be increased in the near future – including, recently popular and Approved by CNET Brand of smart lights.
The fact is that the tariffs – a Tax set for import of certain products in the country – will eventually cause prices to rise, with Walmart characterizes these possible price increases as “inevitably” during the call for earnings last month. Given Trump's pressure to set historically high tariffs on almost every country in the world, you can also expect these price increases to reach a huge variety of products.
This truth has begun to sink for many Americans if a Recent research conducted by CNET is what to pass. According to the results, about 38% of consumers feel under pressure to make certain purchases before the tariffs cause the price to rise. About 10% said they had already made certain purchases of hope that they would avoid future prices, and 27% said they had delayed purchases for products that cost more than $ 500. Overall, these pricing worries were felt the most popular tech pieces like smartphones, laptops And Domestic devices.
To help you maintain a result, I have collected a list of all the companies that have confirmed or warned about rising prices due to Trump's tariffs. Since other companies make such announcements, you can expect new names to be added here.
Continue for all those details and for more, find out Why is it best if you wait to buy a new iPhone.
Best purchase
Without getting into specifics, the CEO of Best Buy Corie Barry Statements of Wall Street Journalournal Towards the end of last month that it has already raised the prices of certain products as part of its response to the tariffs.
Elf
Known as an acceptable option in the world of beauty, the Elf announced in late May that it would rise in prices of $ 1 through its line of products in response to tariffs. Chief Executive Officer Tarrang Amin claims that the reaction of customers is positive because of the transparency of the company.
“We are not trying to pull anything to anyone,” ” Amen's customs wealth. “This is exactly what we are facing and they understand it.”
Macy
Talking to Cnbc in late MayMacy's CEO Tony Spring said rising prices would be implemented on some products due to tariffs, at the same time stressing that other tactics – such as completely cutting off certain products – would also be a response to increasing costs.
Betheer
Known for brands like Barbie and warm wheels, Metel sounded the alarm for the most likely price increase During the call for earnings in early May. Although it is unclear how much Tomaker's prices have risen since then, the company told investors that it would be, “if necessary, pricing prices in its US business”, or put it clear, raising prices for consumers to mitigate the impact of tariffs.
Nikon
Manufacturer of cameras Nikon will introduce hiking at prices In response to Trump's tariffs, in force on June 23. The move will only target the lenses and accessories the company makes and sells, so the cameras themselves are safe.
“We will carefully monitor any tariff developments and we can adjust the prices as needed to reflect the development of market conditions,” Nikon explains. “We want to thank our clients for their understanding and know that we are taking every possible step to minimize the impact on our community.”
Philips Hue
The parental company signifies announced that prices for its popular and highly appreciated Philips Hue Brand of Smart Lights will see the price increase on July 1. The company also confirmed that this decision was made “as a direct result of the tariffs”.
“Marking reserves right to change prices based on new or additional tariffs to become effective in the future,” the company said. An official statement explained.
Ralph Lauren
The sale of luxury products Ralph Lauren has apparently remained stable in recent uncertainty, but the company is still ahead with a plan to combat tariff impacts by rising prices more than it had already intended. Wall Street Journalournal.
Shin and Temu
Trump's tariffs have made China's notable target, hitting the country at a rate of 30% only after originally walking it to 145%. Online retailers like Shin and Temo rely on direct shipments from markets like China to offer the prices at the bottom that made them famous, so now is a little surprise that they have had to raise prices.
The Trump administration has continued the problems that these companies face by taking a rule known as the “De Minimus” exception, which excluded for lesser purchases below $ 800 from import taxes. This rule has disappeared, Trump's Chinese tariffs will now apply to both orders of most industrial building materials and for those shoes you have been looking for to buy from Shin.
Subaru
Subaru has hiking prices in almost your entire line. The rise ranged from $ 750 to $ 2,055, depending on the model, with only EV Saltra avoiding any change.
As some companies have become a trend, Subaru has avoided attributing the rise in Trump's tariff prices, citing only a shared abstentions of “market conditions”. Trump particularly discouraged companies that explicitly blame for rising prices of his policies.
“Changes were made to compensate for increased costs while holding a solid value proposal for the client. Subaru prices are not based on the country of origin of its products,” a Subaru spokesman said in a statement to a statement. Car and driver.
Stanley Black and Decker
In Earnings Report published on April 30The Stanley Black and Decker tool referred to “Price Activities in response to US tariffs”, stating that “implemented an initially price increase in April and informed our clients that it was necessary to further share prices”, and also considered ways to transfer its supply lines to minimize its impact.
Volvo
The impact of the price of tariffs on Swedish carmaker Volvo is limited, for the time being, to only one model: electric EX30. Initially, it was supposed to start from $ 34,950 in the US – a competitive price for EV – but tariffs aimed at imported cars forced the company to Lift the price to $ 46,19532% bump.
Walmart
The largest grocery chain in the United States, Walmart is perhaps the most prominent company to announce immediate price increases due to Trump's tariffs. During the call for earning a company in May, Said CEO Doug McMilan Raising prices will begin by the end of May and will affect things like food, electronics and toys.
For more, see Why buy renovated technology helps you avoid tariffs and help the planet.