Companies Blame Donald Trump for Why They May Raise Prices

Several companies have issued warnings on how Donald Trump's proposed tariffs could impact product prices now that he's headed back to the White House in January.During his campaign, Trump made his tariff plans known, calling for a 10 percent to 20 percent tax on all imports and a potential 60 percent to 100 percent tax on all goods shipped from China.

'A report from the National Retail Federation also sounded the alarm that American consumers should expect prices on everything from furniture to clothes and wine to increase significantly.Shoes and coats that were once around $100 could now cost $20 more, the organization said. Over time, those price surges could make a significant dent in Americans' wallets, costing them thousands over the span of a few months.Other companies voicing concerns include tool company Stanley Black.

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