As Trump’s trade war with China increases and the possibility of high prices on other countries that persist, companies have started to adopt costs to consumers.
China, one of the largest American trade partners, faces a minimum rate rate of 145% on all exports to the United States, the White House announced on Thursday. China responded on Friday by increasing its 125%American products.
Trump has interrupted high prices on other countries earlier this week, but others remain in place, including a 10% tariff between the edge and a 25% price on imported steel, aluminum and vehicles.
Some companies have informed buyers of a “tariff supplement,” reported CBS News. They include Labucq, a high -end shoe brand made in Italy which announced a price increase of 10% from April 15 which will increase by 10% in May, by CBS.
Dame customers, a brand that offers adult toys and personal care products, will automatically add $ 5 to customer online invoices, by CBS. “Our whole industry is in China, so we have already seen the impact,” said CEO of Dame Fine to CBS Moneywatch.
Us Chipmaker Micron and Honeywell Building Automation also announced price supplements, CBS reported. Other companies have used prices as an opportunity to encourage buyers to buy now before more prices are imposed.
Steel prices that have entered into force in early April should increase the prices of new dollars new cars. But they seem to add value to used cars.
Bloomberg Kiel Porter said that he had paid just over $ 30,000 in November for a used Honda CR-V 2022 hybrid with 41,000 miles at the odometer. Porter reports last week, he received “a panicked call from a dealer manager who sold my CR-V me”.
“I need to buy your car, sir, and I am ready to pay much more than you paid,” said the director.
The director said that he had to reconstruct his inventory of used vehicles that decreased due to the prices, according to Porter.
“It was just the kind of car he could sell immediately,” said wearing.
