Adidas, Shein, among ten companies that will raise their prices as Donald Trump tariffs weigh on US imports | Company Business News

Adidas, Shein, Walmart and Best Buy are one of the ten businesses that will increase their product prices, as President Donald Trump’s baseline tariffs and costs on most Chinese imports weigh on US imports, reports the news portal CNN. According to earlier reports, Donald Trump imposed a 10 percent baseline tariff on all imports to the United States and a recent 30 percent on the import of Chinese goods. Most of these business-to-consumer companies have called out Trump’s rates as ‘too high’ and decided to rise the costs of the products to compensate the effect of the import tax on the consumer. Here are the ten companies that will raise prices 1. Adidas: The company, which designs and manufactures athletics and sports style products, said that the higher costs are due to the prevailing rate of the Trump tariffs. “Given the uncertainty about the US and the various exporting countries, we do not know what the final rates will be,” Adidas CEO Bjørn Gulden said, quoted the news agency. Gulden also predicted that the increase in cost due to the higher rates would lead to the increase in product prices. “Cost increases due to higher rates will eventually cause price increases,” he said. 2. Walmart: The multinational hypermarket chain operator, Walmart, on April 15, 2025, said the rates ‘too high’ for the products imported from China. “We will do our best to keep our prices as low as possible. But given the scope of rates, even at the reduced levels announced this week, we cannot take up all the pressure, given the reality of now retail margins,” CEO Douglas McMillon said in the earnings call. The price changes at Walmart are likely to be in effect by the end of 2025. The prices are expected to rise much more in June 2025, the CEO told the News Portal CNBC. 3. Shein: US President Donald Trump signed an exemption order that eliminated the release of the “De Minimis”, which skipped the consignments of goods worth less than $ 800. The News Portal reported that a Bad suit of Shein cost $ 4.39, and after the price hike it cost $ 8.39, which is a 91 percent increase in the price. 4. Temu: The company has made a price adjustment due to changes in global trade rules and tariffs. “As a result of recent changes in global trade rules and tariffs, our operating expenses have risen. To continue to offer the products you love without compromising quality, we will make the price adjustment from April 25, 2025,” the company said in an announcement cited in the news release. According to the agency report, two patio chairs sold on April 24, 2025 at Temu for $ 61.72. After the price increase, costs rose to $ 70.17. 5. Best Buy: In earnings in March 2025, the company said it would transfer part of the tariff effect to the retailers, which could probably raise the prices of commodities for US buyers. “Sellers in our entire variety will pass on some tariff costs to retailers, which is likely to make the price increases for US consumers,” says Best Buy, the news portal quoted. 6. Mattel: CEO Ynon Kreiz of Mattel on May 6, 2025, told the company investors that the firm plans to raise prices because of the rates imposed by US President Donald Trump. “Under the current scenarios we are considering,” Kreiz said according to the News Portal report. According to the report, the CEO has also advocated for zero rates on toys and games around the world. 7. Ford: Ford’s CFO Sherry House said the US car manufacturer expects to raise its prices by 1.5 percent in the second half of 2025. This came after imports for the automotive industry were hit by 25 percent rates. Ford expanded its ’employee prices’ offer until July, while consumers rushed to the report of the Trump tariffs to buy vehicles. 8. Subaru: Subaru, the Japanese car manufacturer, said it would also raise its US prices to “compensate” the increased costs due to the Trump tariffs. “The changes have been made to compensate increased costs while the customer retains a solid value proposal,” a Subaru or America spokeswoman said in an official statement, the news portal quoted. 9. Procter & Gamble: Procter & Gamble, which owns very popular FMCG brands, in a earnings call on April 24, 2025, said the company would consider raising the FMCG prices for some categories and markets. P&G CEO Jon Moeller told the News Portal CNBC that ‘there is likely to be a price increase for consumers. 10. Stanley Black & Decker: In April 2025 Stanley Black & Decker raised its prices by an average of higher single figures after Trump rates. The company also said there would be another round rates expected to come later this year. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.