Stores That Will Increase Prices Due to Tariffs

 

Shoppers roam in their natural habitat

BY C STONE | STONE NEWS NETWORK

Sourc: CNN

Shoppers are now going to experience price hikes due to the tariffs that the Trump administration put in place around the world for importing goods into America. Below is a list of stores that will be adding the cost of importation to the goods.

Walmart

On April 15, Walmart said it would be increasing prices because the tariffs were 'too high' for them to compete. Expect to see higher prices in June.

“We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Douglas McMillon said in an earnings call.

Adidas

Higher costs of importing has caused price increases. 

“Given the uncertainty around the negotiations between the US and the different exporting countries, we do not know what the final tariffs will be,” Adidas CEO Bjørn Gulden said in an earnings release on April 29.

Procter & Gamble, Stanley, Black & Decker

Need a tool or household item? It'll cost you more. Products like Charmin, Pampers, Tide will be subject to price increases.

CEO Jon Moeller told CNBC that “there will likely” be price increases for consumers because “tariffs are inherently inflationary.”

Ford, Subaru

Imported cars face a 25% tariff. CFO Sherry House said she expects to raise prices on vehicles by 1.5%. Japanese car maker Subaru will increase prices to offset increased costs and current market conditions. 

“The changes were made to offset increased costs while maintaining a solid value proposition for the customer,” a Subaru of America spokesperson said in a statement. “Subaru pricing is not based on the country of origin of its products.”

Temu and Shein

Chinese sellers Temu and Shein are no longer exempted from the 'de minimis' shipping rule. That rule allowed parcels to enter the United States without tariffs if they were valued at less than $800. That exemption is gone.

“Due to recent changes in global trade rules and tariffs, our operating expenses have gone up. To keep offering the products you love without compromising on quality, we will be making price adjustment starting April 25, 2025,” Temu wrote in a notice similar to an announcement Shein made.

Best Buy

It doesn't look good when Best Buy says "Vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American buyers likely."

These price increases will become a ripple affect for other vendors such as Sony who has vendors create their PlayStation video game consoles. 

Mattel

This past May 6 Mattel said it would raise prices due to tariffs. CEO Ynon Kretz said that “under the current scenarios we are considering” in response to tariffs, he expects 40% to 50% of its products to remain priced at $20 or less. However, he also advocated for zero tariffs on toys and games around the world.

Trump threatened Mattel, saying he would “put a 100% tariff on his toys, and he won’t sell one toy in the United States, and that’s their biggest market.”