From CNBC: 2024-11-06 16:05:59

President-elect Donald Trump’s proposed tariffs create uncertainty for retailers and consumers, with analysts warning of potential price spikes. The National Retail Federation predicts double-digit price increases in categories like clothing. Companies like E.l.f. Beauty may have to raise prices if tariffs take effect, impacting consumer spending and profitability.

Retailers with high exposure to China, like Five Below and Dollar Tree, face risks from proposed tariff increases. Companies like Bath & Body Works, with North American sourcing, may be less vulnerable. Yeti Holdings, with a strong fan base and profit margins, could absorb cost increases. Overall, companies are diversifying supply chains to mitigate risks.

Consumers could face higher prices on various items, from car repairs to beer and snacks, if tariffs are implemented. Companies like AutoZone and Constellation Brands plan to pass tariff costs to consumers. Footwear prices could also rise significantly, as 99% of U.S. footwear is imported. Experts caution against further inflation-inducing tariffs, as consumers are already wary of price hikes.



Read more at CNBC: Proposed tariffs could raise prices for consumers