Retailers and manufacturers are adjusting to the presidential administration’s new tariffs, which are expected to drive up prices and change how companies manage supply chains. Larger companies are trying to limit immediate price hikes, but both retailers and restaurants are warning that higher costs may soon be passed to consumers. Industry groups are calling for tariff exemptions on essential goods, especially food and beverages.
Key Takeaways
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Tariffs have become a long-term reality, reshaping industry strategies.
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Price increases for consumers are likely as costs rise.
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Calls grow for tariff exemptions, but small businesses face more pressure.
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