Free-spending consumers lift company profits, but Trump tariffs now loom

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for ...

CHICAGO: U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products

Even so, consumers would be unlikely to see higher prices when they start shopping for the holiday season, which begins in November, as a result of the new tariffs. Most retailers have already purchased their holiday-season merchandise, and the inventory for the most part has already arrived at U.S. ports and warehouses.

Similarly, Procter & Gamble's stock touched a record high on Tuesday after the company reported strong demand for skincare and detergent products in the second quarter even though it increased prices to offset surging raw material costs. P&G, whose brands include Olay and Tide, said the price hikes contributed 3 percentage points to a 7per cent jump in organic sales and said North America sales rose by the high-single digits.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Global stocks pummeled by Trump's tariffs, safe-havens surgeGlobal stocks are set to take another beating on Friday after U.S. President Donald Trump said he would slap a 10per cent tariff on the remaining ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »