Donald Trump, tariffs and Price Hikes
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Nike reportedly is hiking prices by as much as 7%, according to various media reports, though the apparel maker is not tying the cost increases directly to tariffs.
As former Valentino designer Pierpaolo Piccioli is named Balenciaga’s new creative director, Lemaire has opened its first Chinese boutique, and Gentle Monster has inked a new collaboration with Google.
Adidas and Puma are likely to hike prices for running shoes and sportswear in the United States, following Nike's lead, analysts and investors said on Thursday, as U.S. tariffs on imports drive costs up for retailers.
Major chains are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.
Retailers have been treading carefully around the question of price increases and import taxes since Trump slammed Walmart last weekend.
CNET is keeping track of prices for several key products as prospects for the months ahead remain uncertain, including one popular TV speaker you might want to buy right now.
At the Manheim Detroit auction center, dealers compete to secure cars and trucks to bulk up inventory with average used prices over $25,000.
Nike is returning to Amazon after an absence of more than five years and hiking prices on some products as its new CEO works to reverse a revenue slump.
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