inflation nation
A Running List Of Companies Preparing To Raise Prices If Trump's Trade Plan Is Enacted
Four executives have publicly said they'd raise prices for consumers if Trump enacts his proposed tariffs.
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The Lede
Some executives have warned that price hikes are on the way if President-elect Donald Trump's trade plans go into effect. Several companies have already begun responding to Trump's election victory and the implications his tariff proposals would have on the costs of their goods.
Key Details
- On the campaign trail, Trump proposed a 60% tariff on goods imported from China coupled with a 10% to 20% tariff on goods imported from other countries.
- Walmart CFO John David Rainey told CNBC on November 19 that the company will likely raise prices if Trump's tariff proposals are implemented.
- Other companies are still waiting for more information from the president-elect. Tarang Amin, the CEO of ELF Beauty, told BI that the company must first see the policy Trump enacts before making any changes.
