As tariffs imposed by President Trump take effect, many companies are warning that they will need to raise prices on consumer goods like tools and clothing. Although some tariffs have been reduced or paused, their economic impact is already visible on household budgets, with consumers facing higher costs. Companies like Stanley Black & Decker and Procter & Gamble are among those planning price increases, signaling a broader trend where the burden of tariffs is shifted to American consumers and affecting market availability and pricing.
Some company officials said they had been left with no choice but to raise prices as they pay more to import goods and materials into the United States.
Although Mr. Trump has scaled back some tariffs and paused others, the impacts of his policies are already starting to eat into household budgets.
Executives at Procter & Gamble, which makes products like Bounty paper towels and Tide detergent, said last week that the company would most likely increase prices.
The burden of higher tariffs typically falls on domestic consumers and companies, frustrating Americans who have noticed higher prices for their goods.
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