Procter & Gamble To Hike Prices Due To Trump’s Tariffs

Fox Business reports:

Procter & Gamble on Tuesday said it will raise prices on some products sold in the U.S. as it deals with uncertainty over tariffs. Economic volatility and “consumer anxiety” related to President Donald Trump’s tariff policies and immigration crackdown have led consumers to rein in their spending to provide a buffer in their budget, the company’s executives told analysts on a post-earnings call.

P&G said it plans to raise prices on about a quarter of its products in the U.S. in the single-digit range starting this month. “We believe that customers will still pay up for these products,” said Kim Forrest, chief investment officer at Bokeh Capital Partners. “During soft economic times, consumers made trade down but P&G has many products that people are willing to pay up for, regardless of tariffs or a slow economy.”

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Parent company of Charmin and Tide brands to raise prices on other products due to tariff pressure https://t.co/sxKQ34MK8r

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