[Dion]

Companies planning substantial price hikes in anticipation of Trump tariffs

Reporting by the Washington's Post's David J. Lynch bears out what Harris has been saying.

In an article published on October 30, Lynch reports that "producers of a range of items, including clothing, footwear, baby products, auto parts and hardware, say they will pass along the cost of the tariffs to their American customers."

Timothy Boyle, chief executive of Columbia Sportswear, told the Post, "We're set to raise prices. We're buying stuff today for delivery next fall. So we're just going to deal with it, and we'll just raise the prices.… It's going to be very, very difficult to keep products affordable for Americans."

Similarly, AutoZone CEO Philip Daniele told the Post, "If we get tariffs, we will pass those tariff costs back to the consumer. We'll generally raise prices ahead of — we know what the tariffs will be — we generally raise prices ahead of that."

https://www.msn.com/en-ca/money/tops...7ef0146e&ei=39