Impact of Donald Trump's Tariffs on US Companies
Over half of US companies surveyed by Allianz say they will have to raise prices to accommodate the cost of tariffs imposed by Donald Trump. The unpredictability of US trade policy has also dented exporters' confidence, with many anticipating a decline in turnover. Despite efforts to stockpile goods and delay price increases, companies are expected to pass on tariff-related costs to consumers by the summer.
Key Points
- 54% of US companies surveyed by Allianz will have to raise prices due to tariffs
- 42% of exporting companies anticipate turnover decline due to tariffs
- Consumer expectations of inflation reached highest point since 1981 in April
- Companies frontloaded shipments to China to avoid tariffs
- Companies expected to pass on tariff costs to consumers by summer