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What is — and isn’t — getting pricier under Trump’s tariffs?

9 1
01.05.2025
People shop at a store in Manhattan on April 30, 2025, in New York City. | Spencer Platt/Getty Images

President Donald Trump warned of short-term pain resulting from his tariffs.

That pain has arrived in the form of higher prices — and it might not be temporary.

A wide range of products — from car tires to clothing, many of which are produced in China — have seen price hikes in recent weeks as retailers face increased costs due to tariffs. Executives of big-box stores have reportedly warned the White House that they may have no choice but to pass some of those costs on to American consumers, and that product shortages could follow.

Not all price increases are happening at once or on the same scale. That’s in part because some retailers took steps to mitigate the initial impact of tariffs on their businesses.

But any price increases will put pressure on Americans who were already struggling to keep up with inflation in the post-pandemic era. This year, lower-income consumers, in particular, are already pulling back on spending, and the Yale Budget Lab has projected that the tariffs could cost Americans an average of $4,900 per household.

That’s left retailers reluctant to raise prices too much and drive away customers. Businesses that can afford it have been stockpiling inventory for months in an attempt to keep prices low and ride out the tariffs, hoping that Trump will change course.

“I think they probably can make it until the holiday season,” said Edmund Zagorin, founder and chief strategy officer at Arkestro, a supply chain startup that helps companies use AI for procurement of materials and services.

But if Trump digs in his heels on tariffs for the long haul, the current price hikes might only be the beginning.

Which companies have announced price........

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