Some Companies Already Adding “Tariff Surcharge”

CBS News reports:

Some enterprises, from small businesses to nationally recognized brands, have already announced higher prices, citing President Trump’s tariffs. While others, from footwear companies to furniture brands, are warning consumers to brace for increased costs to come.

Although the tariffs and retaliatory moves by other countries have yet to hit economic growth, U.S. businesses aren’t waiting around. Some are introducing “tariff surcharges,” announcing new prices on their websites and in letters to consumers.

Other companies are using the situation as a promotional tool. While it’s true that consumers could eventually pay more if they wait to purchase furniture, electronics, automobiles and more, “pre-tariff sales” play into consumers’ fear that prices could rise, and can be an effective way to boost sales, according to experts.

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