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Tariffs Turn Ikea’s “Low Price” Promise Upside Down
Cheddar News
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7 weeks ago
IKEA is being forced to raise prices on some furniture in the U.S. as Trump‑era tariffs raise import costs.
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00:00
Ikea is being forced to raise prices on some furniture in the U.S. as Trump-era tariffs
00:05
raise import costs.
00:06
Only about 15 percent of its U.S. merchandise is sourced in the U.S., leaving the company
00:11
highly exposed to trade tariffs.
00:14
While sales volume rose 3 percent, overall revenue fell 1 percent, underscoring tight
00:19
margins.
00:20
To adapt, Ikea is cutting operational costs and scouting more U.S. suppliers to offset
00:25
the tariff pressure.
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