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  • 7 months ago
President Trump’s new tariffs are beginning to hit U.S. consumers as major companies announce price hikes to offset rising costs, according to Reuters. P&G said it will raise prices on about a quarter of its U.S. products starting next week, citing mid-single-digit increases across categories like household and personal care. The company issued a weaker 2025 outlook and warned retailers such as Walmart that price increases are coming. Consumer goods giants like Nestle, Kimberly-Clark, and PepsiCo have seen stock declines since Trump’s April 2 tariff announcement. The broader S&P 500 index has climbed over 13% during the same period. Analysts say that while some companies stockpiled inventory ahead of the tariffs, the inflationary impact will become visible later this year.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump's new tariffs are beginning to hit U.S. consumers as major companies announced
00:06price hikes to offset rising costs, that according to Reuters. P&G said it will raise prices on about
00:11a quarter of its U.S. products starting next week, setting big single-digit increases across
00:15categories like household and personal care. The company issued a weaker 2025 outlook and warned
00:20retailers such as Walmart that price increases are coming. Super goods giants like Nestle,
00:25Kimberly-Clark, and PepsiCo have seen stock decline since Trump's April 2nd tariff announcement.
00:31Broader SP500X has climbed over 13% during the same period. And it will say that while some
00:36companies stockpile inventory ahead of the tariffs, the inflationary impact will become visible later
00:41this year. For all things money, visit Benzinga.com.
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