Automakers might increase prices moving forward, according to a report from the intelligence firm AlixPartners.

But for many foreign companies, the slide in the US dollar has incentivized them to raise their invoice prices to compensate, according to Wells Fargo. And Deutsche Bank’s Saravelos said the pressure on US firms so far to bear tariff costs is another headwind for the greenback, which is already on its worst start to a year since the 1970s.

A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.

Washington’s decision came after junta leader General Min Aung Hlaing sent a letter, dated July 11, to Mr. Trump seeking a reduction in the 40 percent tariff rate imposed on Myanmar and stating he was ready to negotiate a trade deal.

Companies are rerouting supply chains, sharing costs with suppliers, and, yes, raising their prices.

Puma cut its 2025 outlook citing sector-wide and company-specific challenges, including tariffs. The sportswear brand said it expects full-year sales to decline by a low-double digit percentage this year.

Many U.S. companies, including GM, Walmart, and Home Depot, are currently absorbing tariff costs, sacrificing profits to shield consumers from price hikes.

At present, there are no tariffs on either sector while the US holds an investigation on national security grounds into imports of those goods. However, indications are that the investigation may result in the EU seeing a 15% tariff imposed on both pharmaceuticals and computer chips once the process concludes.

Canadian companies are boosting trade with allies other than the U.S. and with smaller markets to minimize economic damage from President Donald Trump's tariffs, government data shows.

President Donald Trump said he is considering rebates to US taxpayers from billions in tariff revenue flowing into the country.