finance.yahoo.com (nprofile…mr8r)
✍️ The Trump administration's tariffs on U.S. imports are affecting various industries, with some sectors being more heavily impacted than others.
👉 Consumer goods companies are the worst affected by tariffs, with 42 companies reporting price hikes and 39 withdrawing or cutting guidance.
👉 Automakers are expected to see a 12.4% price increase, with Tesla and General Motors taking the most tariff-related actions.
👉 Agriculture is being affected by tariffs on inputs and retaliation from trading partners, leading to a 3.2% expected price increase for food.
👉 Steel and aluminum prices are expected to soar 41% in the short-run, affecting a range of industries.
👉 PepsiCo, Skechers, and Crocs were among the companies forced to make tariff-related actions.
👉 U.S. farm exports to China fell 53% year-over-year during the first half of the year due to retaliatory tariffs.
#business
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https://finance.yahoo.com/news/4-industries-worst-hit-tariffs-185609081.html