Nearly Half of Companies Raise Prices Amid Tariff Heat
Nearly half of companies are feeling the heat of high tariffs, with 39% already raising prices and 10% planning to do so soon. Major corporations like Ford, Adidas, and Walmart are among those affected.
The Trump administration's tariffs are causing ripples across various industries. A significant 75% of respondents believe these tariffs will drive up the gold price, with over half expecting it to rise by more than 5%. Companies are responding in different ways: 24% plan to negotiate with suppliers, and 21% intend to absorb the price increases. However, only 13% have no plans to raise prices.
The gold price is a top concern for US voters, with trade ranked second. A majority, 64%, see high tariffs as negative, and 60% expect them to impact their business outlook negatively. Uncertainty looms, with 38% unsure about their pricing strategies. To manage rising expenses, 45% of companies not increasing prices plan to cut operational or production costs.
The impact of high tariffs is widespread, with nearly half of companies adjusting their pricing strategies. The gold price is a key concern for voters, and businesses are grappling with uncertainty and potential negative impacts on their outlooks.
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