Consumers could find empty store shelves due to tariffs, CEOs warn

Consumers could find empty store shelves due to tariffs, CEOs warn
Shortages could also raise consumer prices even more By Mark Huffman of ConsumerAffairs April 25, 2025 Key takeaways Retail executives warn tariffs could cause shortages and higher prices, with signs already showing in decreased manufacturing orders and shipping from China, impacting supply chains and leading to potential empty store shelves. China is resisting trade negotiations, contradicting President Trumps claims of dialogue, and key sectors like apparel and footwear, heavily reliant on Chinese imports, may experience the first noticeable shortages. Prices on everyday products are expected to rise, as companies like Procter & Gamble predict tariff-related cost increases of up to $1.5 billion annually, potentially driving consumer price hikes of around 2%. Tariffs may not just raise prices for consumers. Published reports say some retail CEOs have warned President Trump that they could eventually lead to shortages and empty store… ...[TheTopNews] Read More.
CONSUMER AFFAIRS – General | Consumers & ShoppingFri, April 25, 2025
2 days ago
----- OR -----


Scroll Up