The costs of definitions began to pay higher prices for US consumer goods from soup cans to auto parts, even with an overheating in the United States in general at a moderate pace.
Data and official data from companies indicate a high speed of prices for a variety of trade -based products after companies sold stocks and moved to change the cost burden on the definitions to consumers.
Data from the Labor Statistics Office showed that in the six months until August, the prices of sound equipment increased by 14 percent, the dresses increased by 8 percent, and tools, devices and supplies increased by 5 percent. Most of these goods are imported.
“Over the past two years, goods have been around zero. We have started to see the enlargement of goods crawling.”
President Donald Trump shocked the markets six months ago when he announced the assembly of “mutual” definitions on almost every country. But his commercial wars have so far been less harmful than many economists, while the main inflation rate operated in the United States 2.9 percent In August.
Some retailers rushed imports to overcome the final dates of the tariff. Others protect the margins by raising prices on certain elements, but not others. Ron Fashris, CEO, said that filling the ground area that was evacuated with high -value sauna and rear siphon, Ron Fasrees, CEO last week, stated that Costco, a retail dealer at Warehouse Club, cleared its introduction by displaying less than imported winter holidays such as games and motifs, while a space was filled The evacuated floor with a high -value sauna and rear yard ceilings.
But many companies have become more evident about high prices as they compensate for the costs of high imported goods, which are slightly more than the tenth of spending on American consumers.
Since April, senior retailers have raised prices over 11 of 29 “soft line” products, such as shirts and shoes; 12 or 18 “solid lines”, such as bicycles and dishwashers; And five of the 16 sports elements, according to a sample of imported goods followed by the Telsey Consulting Group, a Wall Street research company.
“This indicates to us that the customs tariff has an impact and caused the high prices,” said Joe Feldman, an analyst at Telesey.
Ashley Furniture, the world’s largest furniture factory, plans to raise the prices of most of its products by 3.5 to 12 percent starting from Sunday, according to a notice of the customers who have been informed of the Home News now, which is published in the industry.
“The ongoing tariff situation has created major challenges with the effects of cost in our industry,” said the notice issued by Todd Wanek, CEO. Ashley did not respond to the suspension requests.
Ashley’s notification came before Trump’s announcement of this week by 25 percent on upholstered furniture, to Running On October 14.
Philip Danieli, CEO, told analysts late last month that retaliation in Autozone’s retail cars, “There is likely to have more prices as the full impact of perceived drivers has become.
He said that many customers will be ready to pay. “If your car will start,” Danieli said. Drivers face an option: “Either a trip, get your car fixed or take Uber.”
Coffee prices were HeightPartially due to its 50 percent duties on Brazil, the world’s largest coffee source. The customs tariffs on the imported steel also led to an increase in the price of food cans.
“We are limited to the place where we can a tin plate source. As a result, we have to look at some surgical increases in prices,” Carrie Anderson, Financial Director at Soup Campbell, said at a conference last month.
A Supply Management Institute surveyed on Friday to tariff fears in industries, including food services, construction and facilities.
“Definitions continue to inject unnecessary uncertainty in the wider economy, and the costs have now begun to increase with the full impact of the definitions that have now begun to play,” said an executive official of the unknown real estate for the survey.
Federal Reserve Chairman Jay Powell said last week that until now, American importers and retailers, not American shoppers, have bent most of Trump’s tariff.
Nathan Shit, the chief global economist at Citigroup, estimates that American consumers paid only 30 to 40 percent of the cost of definitions, with about two -thirds of companies. But he expected consumers to expand to 60 percent in the coming months.
“We think there is more for the consumer,” he said in a call with Citi agents on Friday.
Additional reports by Claire Jones in Washington
https://images.ft.com/v3/image/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fd4d51a00-e7f6-4c0f-8076-dbfa2294858e.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
Source link