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Tariffs Prompt Nearly Half of U.S. Firms to Raise Prices

Inventory buffers are depleting; automakers are reporting multi-billion-dollar losses; wholesale costs continue to climb

People shop at a grocery store in Brooklyn on May 13, 2025 in New York City.
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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