For over a month, Americans have felt the pain of Trump’s unnecessary trade war melting down the economy. For many, the damage is already done as prices have gone through the roof on many everyday items and big-ticket purchases that many families need.
Big Businesses Raise Prices
American car manufacturer Ford has increased prices on several models by up to $2,000, citing the impact of Trump’s tariffs on imported vehicles and vehicle parts from Mexico.
Seven flooring producers, Mohawk Group, Engineered Floors, Shaw, Daltile and Marazzi, Tarkett Home, ProGen SPC, and Karndean, announced price increases as a direct result of the impact of the Republican tariffs on their businesses.
American air conditioning system supplier Carrier told distributors they would immediately raise prices the day Trump’s tariff tax went into effect.
Shoe manufacturer Steve Madden selectively raised prices for consumers and wholesale customers. Steve Madden executives said Trump’s tariffs would spike prices by 10 to 20 percent.
In a recent quarterly report, Stanley Black & Decker, Inc. blamed Trump’s tariffs for an extra $100 million in charges on imported goods, resulting in a net impact of $10 million to $20 million that they’d address by raising prices.
Hasbro Inc. raised prices last week, with Amazon prices reflecting increases on several Hasbro figures for G.I. Joe Classified, Marvel Legends, and Star Wars Black Series.
Philip Daniele, the CEO of Autozone, stated that their company planned to “pass those tariff costs back to the consumer.”
Small Businesses Raise Prices
Loftie, a New York-based technology company, announced the price of its signature product would increase by $200 due to Trump’s tariffs.
Diggs, a New York-based pet supply company, raised prices in May to reflect the increase in import costs caused by Trump’s tariffs.
Mockingbird, a New York-based stroller company, announced “unavoidable” higher prices going into effect starting today, May 12th, due to Trump’s tariff policy.
The website of Camp Snap, a Los Angeles-based camera company, features a bright red message at the top of its home page that Trump’s tariffs have delayed new inventory and are causing product shortages.
UPPAbaby, the popular stroller and car seat company based in Massachusetts, raised prices and called the move “unavoidable” due to tariffs.
Evenflo, a baby product company based in Ohio, called their decision to raise prices “inevitable” after Trump’s tariffs disrupted global trade.
Ana Luisa, a popular New York-based jewelry business, called price hikes “unavoidable” due to Trump’s tariffs.
Great Jones, a New York-based small business specializing in cookware, raised prices in May due to tariffs.
OmieLife, a San Francisco-based small business specializing in bento boxes and accessories, raised prices “due to a steep 145% increase in import costs,” according to a post on the company’s Instagram account.
More Pain for American Families is on the Way
Procter & Gamble, owner of Tide, Charmin, and other household brands, warned price hikes were likely due to Trump’s chaos.
Combustion, Inc., a Louisiana-based small business selling smart cooking thermometers and timers, recently announced on social media that due to “substantial cost increases” from tariffs, the company would raise prices on its products once its current limited inventory was sold out.
Jolie Skin Company, a New York-based beauty wellness company, is encouraging consumers on its website to buy now before price increases take effect in July.
Published: May 12, 2025