Close Menu
Influential MagazineInfluential Magazine
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

What's Hot
Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

May 27, 2025
Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

May 24, 2025
Are You Smarter Than a Billionaire?

Are You Smarter Than a Billionaire?

May 22, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Influential MagazineInfluential Magazine
SUBSCRIBE
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release
Influential MagazineInfluential Magazine
Home » Consumers Are Pulling Back, Spooked by Tariff-Related Price Increases

Consumers Are Pulling Back, Spooked by Tariff-Related Price Increases

May 7, 20253 Mins Read Business
Consumers Are Pulling Back, Spooked by Tariff-Related Price Increases
Share
Facebook Twitter Reddit Telegram Pinterest Email

As central bankers weigh the possibility of President Trump’s tariffs reigniting inflation, major companies are foreshadowing price increases and warning that shoppers are tightening their wallets.

Executives at several companies that sell popular consumer products, like toys and wet wipes, this week pointed to signs of a pullback in spending. The comments came against a backdrop of plunging consumer sentiment as many companies have said that they intended to pass the cost of tariffs onto customers.

Signs of slower spending and higher prices pose a challenge for the Federal Reserve, given its dual responsibility for keeping employment steady and inflation stable. Cutting rates could help address an economic slowdown, but the potential inflationary effect of tariffs have made officials cautious. The central bank is widely expected to keep interest rates steady on Wednesday.

“Having both firms and consumers saying prices are going to go up is not a good combination for the Fed,” said Diane Swonk, the chief economist at KPMG. “It’s yet another thing keeping them from doing anything with interest rates until they get more clarity on what the actual impacts are.”

Executives at Clorox said this week that sales fell 8 percent last quarter and that they expected the slowdowns to persist in the current quarter. The company said they will most likely raise some prices.

Linda Rendle, the chief executive of Clorox, said on a call with analysts on Monday that tariffs were changing consumer behavior “dramatically,” with shoppers adopting “a conserving behavior in many of our categories.”

Mattel, the toy company, told analysts on Monday that it was considering raising prices in the United States because of tariff-related cost increases.

Beyond pricing, Mattel executives said the company was taking steps to mitigate the impacts of steep U.S. tariffs on goods from China, where it makes roughly 20 percent of its toys sold in the United States. That involved moving more of its production to other countries, including India.

Mattel also scrapped its full-year financial forecast, citing the “evolving U.S. tariff situation” and the potential for Mr. Trump’s trade war to dampen consumer spending.

Denny’s, a restaurant chain, also reported this week that sales fell in the most recent quarter, which the company attributed in part to consumers’ concerns over tariffs and the job market.

“The tariff impact is how it overall impacts the macroeconomic environment, and what that does to our lower-end consumer that we rely quite a bit upon,” Robert Verostek, the chain’s chief financial officer, told analysts.

Consumer Behavior Customs (Tariff) Fees and Rates) Inflation (Economics) Interest Rates Prices (Fares
Share. Facebook Twitter Pinterest LinkedIn Telegram Reddit Email
Previous ArticleClarence O. Smith, a Founder of Essence Magazine, Is Dead at 92
Next Article How Lost Radar and Silent Radios Have Upended Newark Air Travel

Related Posts

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

May 27, 2025
Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

May 24, 2025
Are You Smarter Than a Billionaire?

Are You Smarter Than a Billionaire?

May 22, 2025
Markets Head Lower in Wake of Concerns About U.S. Debt

Markets Head Lower in Wake of Concerns About U.S. Debt

May 19, 2025
Video: How Staffing Shortages Have Plagued Newark Airport

Video: How Staffing Shortages Have Plagued Newark Airport

May 17, 2025
Consumers Show Signs of Strain Amid Trump’s Tariff Rollout

Consumers Show Signs of Strain Amid Trump’s Tariff Rollout

May 15, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

Video: Toy Company Still In Crisis Despite Reduced Tariffs on China

By News RoomMay 27, 2025

new video loaded: Toy Company Still In Crisis Despite Reduced Tariffs on ChinatranscriptBacktranscriptToy Company Still…

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

May 24, 2025
Are You Smarter Than a Billionaire?

Are You Smarter Than a Billionaire?

May 22, 2025
Wedding Belles Love Expands with Size-Inclusive, Same-Day Bridalwear Boutique

Wedding Belles Love Expands with Size-Inclusive, Same-Day Bridalwear Boutique

May 22, 2025

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

About Us
About Us

Influential Magazine is one of the top news portals about Business and Finance news for Entrepreneurs and leaders all around the world, follow us for more intersting articles and news.

Our Picks
Wedding Belles Love Expands with Size-Inclusive, Same-Day Bridalwear Boutique

Wedding Belles Love Expands with Size-Inclusive, Same-Day Bridalwear Boutique

May 22, 2025
Markets Head Lower in Wake of Concerns About U.S. Debt

Markets Head Lower in Wake of Concerns About U.S. Debt

May 19, 2025
Video: How Staffing Shortages Have Plagued Newark Airport

Video: How Staffing Shortages Have Plagued Newark Airport

May 17, 2025
Trending Now
Consumers Show Signs of Strain Amid Trump’s Tariff Rollout

Consumers Show Signs of Strain Amid Trump’s Tariff Rollout

May 15, 2025
Inside Elon Musk’s X Feed: Trumpism, Falsehoods and Lots of Love for Elon Musk

Inside Elon Musk’s X Feed: Trumpism, Falsehoods and Lots of Love for Elon Musk

May 15, 2025
World Economic Forum Investigating Allegations Against Founder Klaus Schwab

World Economic Forum Investigating Allegations Against Founder Klaus Schwab

May 15, 2025
Influential Magazine
Facebook X (Twitter) Instagram LinkedIn
  • Home
  • Privacy Policy
  • Contact
  • Terms & Conditions
© 2025 Influential Mag. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.