Overview
- The GlobalData Tariffs Sentiment Polls survey finds that 39 percent of companies have raised prices and an additional 10 percent intend to impose hikes
- Nearly one in three U.S. businesses said in a LendingTree report that they plan to raise prices within the next six months
- Volkswagen, General Motors and Stellantis each reported more than $1 billion in tariff-related losses over a recent three-month period
- Companies choosing not to increase prices cite inventory stockpiles, supplier negotiations and operational cost cuts as mitigation strategies
- Economists predict that once stockpiles are exhausted, tariff costs will be passed to consumers, pushing up inflation and putting pressure on the Federal Reserve