365
Majority of US companies say they have to raise prices due to Trump tariffs
(www.theguardian.com)
this post was submitted on 20 May 2025
365 points (98.7% liked)
News
29660 readers
4101 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They don’t have to raise prices. They are choosing to raise prices, and let’s be honest here, I doubt that they really needed a reason to raise prices at all. These retailers were just waiting for the opportunity.
And…I’d love to see how quickly these same retailers drop their prices when these tariffs are lifted.
Big companies can probably take the hit and reduce c-suite bonuses. Your mom and pops closing their doors because of this??? That's by design.
Someone made that point w/ autos, and I pointed out that even though by any standard of individual wealth they're exorbitant, they still only work out to a couple dollars per unit. A 20% teriff on aluminum and steel would still obliterate per-unit savings if the c-suite stopped being paid at all.
Walmart closed the mom and pop places eons ago. Now it’s the boutiques selling 3 dollar sweaters for 300 cause they added a hole.
Naturally. Mom and Pops aren’t creating value for the shareholders, so they just got to go.
Depends on the items. Some things have tight enough margins that they'll have to be raised.
I expect some companies will try to cut costs by cannibalizing themselves in the short term by cutting workforce. Nobody intends to report to their shareholders that profits are down.
To be somewhat fair, businesses don't need a significant event in order to raise prices. I consider this kind of "open collusion". Nobody is meeting in secret to make these decisions but everyone is looking around the room and nodding at each other.
But think of the shareholders. They are the only ones that matter.