Overview
- Government data from June reveal price increases on tariff-exposed items such as home furnishings, toys and appliances.
- Major firms including Adidas, Procter & Gamble and Stanley Black & Decker have announced or signaled upcoming price hikes to offset import taxes.
- Retailers like Walmart and toymakers Hasbro and Mattel previously warned that sustained tariffs would lead to higher prices for consumers.
- Federal Reserve Chair Jerome Powell acknowledged that tariff pass-through into consumer prices was slower initially but is now accelerating.
- Wells Fargo economist Sarah House says the next three to six months will be critical as businesses adjust to permanent higher tariffs and profit margins tighten.