Tariffs impose a tax on imported goods, leading to higher prices for consumers across multiple industries, potentially causing significant changes in purchasing behavior.
Retail giants like Walmart are preparing for everyday item price increases of 10-15% due to tariffs, signaling expected lost sales and unsold inventory.
Telecommunications equipment, heavily reliant on foreign brands, may see prices rise by as much as 15%, pushing US telecom firms to accelerate domestic technology development.
The aerospace industry faces severe repercussions from potential EU retaliatory tariffs, threatening the competitiveness of US companies like Boeing against rivals such as Airbus.
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