Americans Brace for Price Hikes

“President Donald Trump is getting his tariffs. Companies are making it clear how they intend to deal with it – passing them on to American consumers,” Reuters reports.

“Throughout the spring, big retailers and consumer product makers warned that levies on imported goods would squeeze their operations, forcing them to choose between lower earnings and passing on higher costs to customers.”

Meanwhile, Semafor reports some Republican senators shot down Sen. Josh Hawley’s (R-MO) idea to send tariff rebate checks to Americans.