Even large manufacturers who have been able to absorb many of the costs of the international levies have warned that should the situation continue, or even worsen, they will be forced to hike up prices

Companies have so far passed almost 40 percent of Donald Trump’s foreign import tariffs onto consumers, though that figure may still increase further.

Even large manufacturers who have been able to absorb many of the costs of the international levies have warned that should the situation continue, or even worsen, they will be forced to hike up prices.

Since Trump’s announcement of sweeping global tariffs in April, companies have passed about 37 percent on to consumers, 9 percent onto their suppliers and absorbed 51 percent through August, according to research by Goldman Sachs.

Companies passed 37% of tariff costs on to consumers – and that figure is set to jump

Even large manufacturers who have been able to absorb many of the costs of the international levies have warned that should the situation continue, or even worsen, they will be forced to hike up prices

https://www.the-independent.com/news/world/americas/tariffs-companies-consumer-costs-increase-b2851644.html

https://www.msn.com/en-us/money/markets/companies-passed-37-of-tariff-costs-on-to-consumers-and-that-figure-is-set-to-jump/ar-AA1P7CDk