Reported 6 days ago
As proposed tariffs threaten to impose 10-20% taxes on imports, AutoZone's CEO, Philip Daniele, announced that the company will pass these costs onto consumers. Other retailers like Steve Madden and Columbia Sportswear are also preparing for price hikes due to increased expenses from foreign suppliers. The National Retail Federation has warned that everyday goods may see significant price increases if the tariffs come into effect, impacting American families and challenging value-focused retail models.
Source: YAHOO