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

[PA Democrat]

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 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.”

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

I predict (based upon historic precedent) that domestic producers of the same goods will also raise their prices at a level to keep them just below the price of imported goods.

[hatrack]

1. Shocked, shocked!!!

.

[RJ_MacReady]

2. at least MAGAt's would be hurt too.

And they would deserve it all. However we don't.

[clutterbox1830]

3. Trust me Republicans will blame immigrants or China for it.

And their followers will believe it and sadly the media will say both sides have an argument on why prices are going up.

[duncang]

4. A lot has been said about durable goods.

But this will hit fresh produce hard especially during the winter. Even when you look where a lot of our fish and shrimp are coming from in the frozen section.

[Blue Full Moon]

5. This alongside the Musk wants hardship

Yesterday on Facebook there was an article from news station that had said that consumer confidence index and of course they were complaining about high prices. Biden's fault et cetera. So I posted about Musk wanting hardship for Americans. They had been told the exact opposite. I posted the news articles to back up what Musk said and the trump tariffs. The trump and Muskrat comments and seeing what is was going to cost them to live. They are not so much for trump now. Sorry but most people are lazy. They just take what they hear at work, church and sound bites but don't take the time to check veracity.

[sinkingfeeling]

6. They'll raise the prices even if TSF loses.

[IrishAfricanAmerican]

7. If we can pull off a trifecta, I'd like to see them try!

The wheels are already in motion to deal with greedflation when we get control.

[durablend]

9. Of course they are

Trump wins, they'll blame tariffs; Harris wins they'll blame "Bidenomics".

"Heads I win, tails you lose"

[Blue Full Moon]

8. Trump is walking this & Musk hardship back.

But we know he is a liar.