Source: Axios
“Someone has to pay the cost of tariffs — and a new survey out Tuesday finds many companies are already feeling the pain. Businesses trying to insulate customers from trade costs can only eat them for so long before raising prices, fueling the tariff-driven inflation many economists fear. Some 57% of companies were already experiencing a tariff-driven decline in gross margins as of May, per the KPMG Tariff Pulse Survey. … If higher prices haven’t shown up for customers yet, the survey makes clear they’re coming. 77% of respondents said their companies are considering price increases of at least 5% in the next six months.” (07/09/25)