President Trump announced tariffs on over 180 countries, promoting these changes as a rebound for American industry. Several companies, such as AutoZone, have signaled they may increase prices for consumers, attributing this to tariff impacts. Economists express concern that both businesses and consumers face uncertainty due to Trump's aggressive trade policies, which could lead to broad price hikes. Tariffs include a notable 25% on auto imports, intensifying worries about rising costs for everyday goods.
Companies could - and already have - started raising prices on Americans in response to President Donald Trump's latest slew of tariffs.
Both businesses and consumers are getting shaken by this approach,” Heather Boushey, an economist, stated regarding the impact of Trump's tariffs.
April 2, 2025, will forever be remembered as the day American industry was reborn,” Trump asserted during his tariff announcement.
Philip Daniele, CEO of AutoZone, noted on a September earnings call that they would pass on tariff costs to consumers if implemented.
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