American consumers are feeling the impact of tariffs as companies like Walmart, Target, and Best Buy warn of price increases on groceries, home goods, and electronics. J.M. Smucker and Hormel Foods also anticipate more price hikes due to tariff-related cost pressures.

A federal appeals court struck down most of President Trump’s global import tariffs, leaving retailers and consumers uncertain about future costs of imported goods. Executives anticipate more price increases as fresh inventory arrives at higher costs.

Consumers are becoming more selective in their shopping habits due to rising prices. Whirlpool and Procter & Gamble note a shift towards lower-end products, while retailers like Dollar Tree and TJX Companies see increased demand for bargains amid tariff uncertainty.

Off-price retailers and discounters are capturing market share as consumers seek lower-priced alternatives. Dollar Tree, Five Below, and TJX Companies report stronger demand, with shares rising since the start of the year. The path forward remains unclear as tariffs reshape prices and consumer habits evolve.

Read more at Yahoo Finance: Retailers warn tariff impacts are far from over