Tariffs to Trigger Price Hike: Walmart, Adidas, Nike, and Mattel Raise Prices

Tariffs and Price Increases: Walmart, Adidas, Nike, and Mattel to Raise Prices The United States is bracing for a wave of price increases as major retailers and manufacturers respond to the impending end of a 90-day pause on reciprocal tariffs. Walmart, the retail giant, has confirmed plans to increase prices by the end of May, citing the tariffs as the primary reason. This follows a statement from the company's CEO, who said, "We've absorbed these costs for as long as we could, but now we must pass them along to consumers." The impact extends beyond Walmart. Adidas and Nike, two major players in the athletic footwear industry, are also expected to raise prices, potentially impacting consumers' summer spending. Mattel, a leading toy manufacturer, is also set to increase prices on a wide range of products. This could have a significant impact on families during the holiday season. The 90-day pause on reciprocal tariffs, implemented to mitigate the impact of trade disputes, is coming to an end, potentially causing further price increases. Experts warn that the full impact of these tariffs on consumer prices is yet to be seen. The situation highlights the complex interplay between international trade policies and their direct impact on everyday consumers.