Here’s a closer look at some major companies that are planning price hikes, along with how these tariffs are impacting what Americans pay.

Walmart: Raising Prices by June

Walmart recently announced it will increase prices because Trump’s tariffs are “too high,” especially on products made in China.
Walmart CEO Douglas McMillon said, “We will do our best to keep prices low, but the magnitude of tariffs means we can’t absorb all the added costs.”
Price increases are expected to start by the end of May and rise more steeply in June.

Mattel: Toy Prices on the Rise

Mattel, the world’s biggest toy maker, confirmed it will raise prices due to tariffs. CEO Ynon Kreiz said 40% to 50% of Mattel’s products will stay under $20, but overall costs will go up.
Trump even threatened Mattel directly, saying he might slap a 100% tariff on their toys — their biggest market is the U.S.

Best Buy and Electronics: Expect Higher Costs

Best Buy warned that tariff costs will likely be passed on to consumers. While some electronics have temporary tariff exemptions, these won’t last forever.
For example, Nintendo delayed pre-orders for its Switch 2 console over tariff concerns but said the base price will stay at $450. Accessories, however, may get more expensive.
Sony’s CFO also mentioned price increases are possible for PlayStation products.

Shein and Temu: Price Jumps After Tariff Rule Changes

Chinese online retailers Shein and Temu were previously spared tariffs on small shipments under $800. That exemption was removed by Trump’s executive order.
Both companies announced price increases starting April 25, 2025. For example, patio chairs on Temu jumped from about $62 to $70 overnight. On Shein, a bathing suit set nearly doubled from $4.39 to $8.39.

Ford and Subaru: Auto Prices Go Up

Imported cars and parts face a 25% tariff. Ford’s CFO expects U.S. car prices to rise by up to 1.5% in the second half of 2025 due to tariffs.
Ford extended employee pricing deals through July to help customers buy before prices go up.
Subaru also announced price increases in the U.S., citing “market conditions” and higher costs, without specifying exact amounts.

Household Brands and Tools: Price Increases Coming

Procter & Gamble, which owns brands like Pampers and Tide, signaled it may raise prices due to tariffs. CEO Jon Moeller called tariffs “inherently inflationary.”
Stanley Black & Decker, makers of power tools, already raised prices by high single digits in April and plan more increases later this year.

Adidas: Uncertain Tariffs, But Higher Prices Likely

Adidas is preparing for higher U.S. prices as tariffs continue to fluctuate. CEO Bjørn Gulden said ongoing trade negotiations make it hard to predict exact tariffs, but added, “Cost increases due to higher tariffs will eventually cause price increases.”

What This Means for You

From toys to tools, cars to clothes, tariffs are making many everyday items more expensive. Companies are reluctant but clear: the extra costs from Trump’s tariffs can’t just be absorbed — they will hit consumers’ wallets. Shoppers should prepare for rising prices across a wide range of products as these tariffs stay in place.

If you want to stay ahead of price changes, keep an eye on announcements from your favorite retailers and consider buying before prices climb further.

Source: CNN – These companies will raise prices because of Trump’s tariffs

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As Trump has raised import taxes, he insists that foreign producers and big retailers like Walmart should bear the burden, not consumers. However, many economists remain skeptical, warning that these tariffs are fueling inflation and will ultimately drive up prices for everyday goods. Walmart itself recently warned that items ranging from bananas to children’s car seats could see significant price hikes.

In a pointed post on his social media platform, Truth Social, Trump called out Walmart, which employs 1.6 million people across the U.S., for trying to shift blame onto tariffs for raising prices.

“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump wrote. “Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”

This message highlights the difficult balancing act many American companies face under Trump’s trade policies — caught between rising costs, worried customers, and the president’s public rebukes. Trump has issued similar warnings to U.S. automakers, demanding they avoid passing tariff-related costs onto consumers despite higher production expenses.

The tariffs have cast a shadow over an otherwise steady U.S. economy. On Friday, the University of Michigan’s consumer sentiment survey hit its second-lowest level on record, with about 75% of participants spontaneously mentioning tariffs as a key concern driving expectations of rising inflation.

Walmart CEO Doug McMillon met with Trump in April to discuss the tariffs, but the administration has pressed ahead with its policies. Meanwhile, companies like Amazon and Apple have also faced challenges from supply chain disruptions tied to the tariffs.

John David Rainey, Walmart’s chief financial officer, recently warned that a $350 car seat imported from China could soon cost shoppers an additional $100 — a 29% increase.

“We’re wired to keep prices low, but there’s a limit to what we can bear, or any retailer for that matter,” Rainey told The Associated Press after Walmart reported strong first-quarter sales.

In a recent move, the administration reduced a steep 145% tariff on some Chinese goods to 30% for 90 days. But Trump has also slapped tariffs as high as 25% on imports from Mexico and Canada over immigration and drug trafficking concerns, straining relations with the country’s two biggest trading partners.

Currently, most countries face a baseline 10% tariff, with Trump promising new trade deals in the coming weeks. He intends to keep tariffs as a steady revenue source, including a deal with the United Kingdom that would largely maintain the 10% rate.

Beyond goods, tariffs also target autos, steel, aluminum, and potentially pharmaceutical drugs, creating uncertainty across the economy. Federal Reserve Chair Jerome Powell has kept interest rates steady, citing the unpredictable impact of tariffs on growth and prices.

On Saturday, Trump once again urged Powell to cut rates — a move that could further boost inflation — while insisting that inflation pressures are fading.

“Too Late Powell, a man legendary for being Too Late, will probably blow it again – But who knows???” Trump posted on Truth Social.

Source: AP News – Trump warns Walmart: Don’t raise prices due to my tariffs but do eat the costs from those taxes

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Gamers, brace yourselves — the cost of console gaming is climbing, and fast.

Microsoft has officially raised the prices of its Xbox consoles, accessories, and even some upcoming games across the globe, citing rising development costs and shifting market conditions. While the company didn’t directly mention tariffs, the increases come as trade tensions and new import duties are rattling industries reliant on global supply chains — and gaming is no exception.

Starting this week, Microsoft’s Xbox Series S now comes with a U.S. price tag of $379.99, up sharply from its 2020 debut price of $299.99. The more powerful Xbox Series X has jumped to $599.99, a full $100 more than its previous $499.99 listing.

Accessories haven’t been spared either. Wireless Xbox controllers, headsets, and other gear in the U.S. and Canada are also seeing price bumps. And for gamers eyeing new first-party titles this holiday season, expect to pay up to $79.99 — part of Microsoft’s broader strategy to adjust to economic pressures.

These price increases aren’t limited to the U.S. Microsoft confirmed similar changes are rolling out in Europe, the U.K., Australia, and other international markets.

“We understand that these changes are challenging,” Microsoft said in a statement, pointing to inflation and higher development expenses. Still, the timing raises eyebrows, as the gaming industry grapples with new tariffs introduced by President Donald Trump, and retaliatory moves from key trade partners like China.

Microsoft isn’t alone. Sony recently raised the price of its PlayStation 5 in select regions — including parts of Europe, the Middle East, Africa, and Oceania — blaming inflation and currency volatility. Meanwhile, Nintendo’s much-anticipated Switch 2 faced preorder delays in April while retailers evaluated the potential fallout from trade disputes.

Although Nintendo is keeping its base Switch 2 price at $449.99, that’s still a steep hike from the original Switch’s $299 tag. Industry experts suggest tariffs and manufacturing costs are major contributors to that increase — even if Nintendo adds more features to justify it.

While Microsoft just posted a strong quarterly earnings report — with $70.07 billion in revenue and $25.8 billion in net income — the long-term effects of tariffs on its Xbox division remain to be seen. For now, the company is still riding momentum, with its personal computing segment (which includes Xbox) growing 6% in the last quarter.

But as costs rise and trade tensions deepen, gamers and developers alike may face more volatility ahead.

Source: AP News – Microsoft hikes Xbox prices worldwide as gaming industry faces tariff uncertainty

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President Donald Trump’s trade war is set to make a noticeable impact on what’s in your closet — particularly when it comes to everyday, affordable clothing. While tariffs target a wide range of imported goods, it’s the basics that will feel the sharpest sting.

In 2023, the apparel industry is facing the brunt of Trump’s tariffs, which include a 10% minimum tax on all countries and a staggering 145% tax on Chinese imports. This is bad news for shoppers, as 98% of clothing in the U.S. is imported, with China leading the charge as the largest apparel importer, contributing to 22% of the market.

The result? Higher prices for just about everything — but especially for those low-cost items like $5 T-shirts, $10 socks, and $25 sneakers that so many Americans rely on.

According to trade policy experts, these everyday essentials are poised to see the biggest price increases. Why? Because people need to buy them year-round. As retail demand stays steady, the frequency with which companies restock these items increases, raising the likelihood that their shipments will be subject to higher tariffs.

Sheng Lu, a professor of fashion and apparel studies at the University of Delaware, explains that basic clothing items, such as cotton T-shirts, underwear, and socks, will become more expensive much faster than seasonal items like dresses or suits. While some clothing can be stored away for later use, necessities have to be replenished quickly — and the tariffs will make that restocking more expensive.

The United States is highly dependent not only on China but also on low-cost manufacturing in countries like Vietnam and Bangladesh. Unfortunately, there are few affordable alternatives for large-scale clothing production within the U.S. This means shoppers can expect to pay significantly more for their wardrobe, with an expected 65% rise in clothing prices and an 87% hike in shoe costs over the next year, according to the Yale Budget Lab.

Even though luxury goods like leather handbags from Italy or Swiss watches may see some price increases, the brunt of the tariff pain will be felt by mass-market items. Analysts point out that luxury brands have higher profit margins and can absorb the additional costs more easily than the low-cost clothing that most Americans buy.

The impact of these price hikes will hit lower-income households the hardest. While wealthier Americans spend a smaller percentage of their income on clothing, the poorest households already spend a much higher proportion of their earnings on everyday apparel. Research from the Trade Partnership Worldwide shows that lower-income families spend more than three times their share of income on clothing compared to wealthier families.

The situation worsens with the looming end of the “de minimis” exemption, which currently allows packages worth under $800 to enter the U.S. without incurring taxes. This exemption has benefited e-commerce companies like Shein and Temu, but starting next month, this exemption will expire. The result? Lower-income consumers, who are the primary users of these cheaper online shopping platforms, will feel the brunt of the changes. A study from UCLA and Yale economists found that the poorest zip codes receive almost half of all packages under this exemption.

Margaret Bishop, an assistant professor at Parsons School of Design, notes that consumers who buy affordable basics tend to have much less disposable income. “The people at the lower to middle socioeconomic tiers are getting disproportionately taxed by tariffs,” she said.

As the trade war continues to push prices higher, Americans will face a significant shift in the affordability of their everyday clothing. While luxury goods may remain relatively insulated, the most significant cost increases will be felt by those who rely on inexpensive, mass-market apparel. For many Americans, the days of grabbing a $5 T-shirt off the rack may soon be behind them.

With no signs of the tariffs easing, it’s clear that Americans, particularly those in lower-income brackets, will be paying more for even the most basic items in their wardrobe. And for those who already live paycheck to paycheck, the trade war’s consequences could hit closer to home than ever before.

Source – CNN – Say goodbye to the $5 T-shirt

The post Expect Higher Clothing Prices: The Hidden Impact of Trump’s Trade War appeared first on Journos News - Breaking News, World News, Top Stories, Todays Headlines and Flash Reports.

FIIO, a renowned name in high-fidelity audio equipment, is navigating a complex landscape in the United States due to recent policy shifts and inventory constraints.

Pricing Adjustments on the Horizon

The company acknowledges that current retail prices may no longer be sustainable under the present circumstances. However, rapidly changing policies make it challenging to update pricing across all sales channels promptly. FIIO is awaiting policy finalization and monitoring inventory levels before implementing any changes.​

Inventory and Sales Considerations

With limited stock remaining in the U.S., there’s a possibility of sales suspension if inventory depletes before policy clarity is achieved. Customers are encouraged to make purchasing decisions based on immediate needs.​

Looking Ahead

Once policies stabilize, FIIO plans to adjust retail prices according to confirmed tariff rates. The company remains committed to delivering quality audio products and appreciates the continued support of its U.S. customers.​

For more information, visit FIIO’s official website.

Source: FIIO – A Statement To Our Valued Customers in the United States

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