Most American companies — and many firms around the globe — plan on passing the costs of President Donald Trump’s wide-ranging tariffs onto consumers, according to new research.
In an Allianz Trade survey released May 20, 54% of U.S. companies said they will increase prices due to higher tariff rates, while just 15% plan to absorb increased costs.
Globally, more than one-third of firms, 38%, intend to increase prices, compared to the 22% that will incur any new costs. The survey from the financial risk firm sampled about 4,500 companies across nine countries — including the U.S., China, France and Spain — between March and April.
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