{"id":79769,"date":"2025-08-20T08:58:10","date_gmt":"2025-08-20T08:58:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/79769\/"},"modified":"2025-08-20T08:58:10","modified_gmt":"2025-08-20T08:58:10","slug":"one-in-three-businesses-says-they-plan-to-raise-prices-as-trumps-tariffs-begin-and-inflation-grows","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/79769\/","title":{"rendered":"One in three businesses says they plan to raise prices as Trump\u2019s tariffs begin and inflation grows"},"content":{"rendered":"<p>Your support helps us to tell the story<\/p>\n<p class=\"sc-1uza6dc-0 cKWiEj\">From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it&#8217;s investigating the financials of Elon Musk&#8217;s pro-Trump PAC or producing our latest documentary, &#8216;The A Word&#8217;, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.<\/p>\n<p class=\"sc-1uza6dc-0 cKWiEj\">At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.<\/p>\n<p class=\"sc-1uza6dc-0 cKWiEj\">The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.<\/p>\n<p>Your support makes all the difference.Read more<\/p>\n<p>Almost a third of U.S. businesses have said in a survey that they\u2019re likely to raise prices by the end of 2025 as they adjust to increasing <a rel=\"nofollow noopener\" data-affiliate=\"true\" target=\"_blank\" href=\"https:\/\/clicks.trx-hub.com\/xid\/esimedia_t58ukgmjkf95_theindependent?q=https%3A%2F%2Fwww.anrdoezrs.net%2Flinks%2F8099906%2Ftype%2Fdlg%2Fhttps%3A%2F%2Fwww.lendingtree.com%2Fbusiness%2Fsmall%2Frising-prices-study%2F%3FarticleId%3Db2810606&amp;p=https%3A%2F%2Fwww.independent.co.uk%2Fnews%2Fworld%2Famericas%2Fus-politics%2Finflation-trump-tariffs-price-b2810606.html&amp;article_id=2810606&amp;author=Gustaf+Kilander&amp;tag=Donald+Trump%2Chome+depot%2CU.S.%2CNew+Hampshire%2CVermont%2COregon%2CMississippi%2CWest+Virginia%2CSouth+Dakota%2CWashington%2CRhode+Island%2CArkansas%2CAlabama%2CNew+Mexico%2CIndiana%2CNebraska%2CLouisiana%2CMontana&amp;section=World&amp;category=Americas&amp;sub_category=US+politics&amp;updated_time=2025-08-19T22%3A11%3A09.000Z&amp;utm_content=N%2FA&amp;utm_campaign=news-body&amp;utm_term=B-1&amp;utm_medium=N%2FA&amp;ref=N%2FA&amp;utm_source=direct&amp;fbclid=N%2FA&amp;gclid=N%2FA\">costs and inflation, according to a new report. <\/a><\/p>\n<p>The online lending marketplace <a rel=\"nofollow noopener\" data-affiliate=\"true\" target=\"_blank\" href=\"https:\/\/clicks.trx-hub.com\/xid\/esimedia_t58ukgmjkf95_theindependent?q=https%3A%2F%2Fwww.anrdoezrs.net%2Flinks%2F8099906%2Ftype%2Fdlg%2Fhttps%3A%2F%2Fwww.lendingtree.com%2Fbusiness%2Fsmall%2Frising-prices-study%2F%3FarticleId%3Db2810606&amp;p=https%3A%2F%2Fwww.independent.co.uk%2Fnews%2Fworld%2Famericas%2Fus-politics%2Finflation-trump-tariffs-price-b2810606.html&amp;article_id=2810606&amp;author=Gustaf+Kilander&amp;tag=Donald+Trump%2Chome+depot%2CU.S.%2CNew+Hampshire%2CVermont%2COregon%2CMississippi%2CWest+Virginia%2CSouth+Dakota%2CWashington%2CRhode+Island%2CArkansas%2CAlabama%2CNew+Mexico%2CIndiana%2CNebraska%2CLouisiana%2CMontana&amp;section=World&amp;category=Americas&amp;sub_category=US+politics&amp;updated_time=2025-08-19T22%3A11%3A09.000Z&amp;utm_content=N%2FA&amp;utm_campaign=news-body&amp;utm_term=B-2&amp;utm_medium=N%2FA&amp;ref=N%2FA&amp;utm_source=direct&amp;fbclid=N%2FA&amp;gclid=N%2FA\">LendingTree<\/a> issued a report stating that more than 30 percent of businesses included in the company\u2019s survey expect their prices to rise within the next six months. Roughly five percent said their prices would go down, and 65 percent estimated that they would remain the same. <\/p>\n<p>The report comes as uncertainty grows regarding <a href=\"https:\/\/www.independent.co.uk\/bulletin\/news\/trump-tariffs-home-depot-price-rise-b2810503.html\" title=\"Trump tariffs leads to price rise at another major US store\" rel=\"nofollow noopener\" target=\"_blank\">President Donald Trump\u2019s tariff policy and continued tension stemming from inflation. <\/a><\/p>\n<p>LendingTree chief consumer finance analyst Matt Schulz stated in a press release that \u201cTariffs are likely playing a significant role in these concerns, but so is the overall sense of <a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/home-depot-price-rise-trump-tariffs-b2810438.html\" title=\"Home Depot becomes the latest company to raise their prices due to Trump\u2019s tariffs\" rel=\"nofollow noopener\" target=\"_blank\">uncertainty that remains in the American economy.\u201d<\/a><\/p>\n<p>\u201cThere are so many unknowns that it\u2019s nearly impossible to predict what the next few weeks will look like, much less six months from now,\u201d he added. <a href=\"https:\/\/www.independent.co.uk\/asia\/india\/trump-india-secondary-tariffs-russia-oil-b2808864.html\" title=\"Trump rows back threat of \u2018secondary tariffs\u2019 against India and China after Putin summit\" rel=\"nofollow noopener\" target=\"_blank\">\u201cHowever, this report makes it clear many businesses see continued rising prices ahead.\u201d<\/a><a href=\"https:\/\/www.independent.co.uk\/asia\/india\/trump-india-secondary-tariffs-russia-oil-b2808864.html\" title=\"Trump rows back threat of \u2018secondary tariffs\u2019 against India and China after Putin summit\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/GettyImages-2200450751.jpeg\"  loading=\"lazy\" alt=\"Home Depot is set to modestly raise its prices, according to The Wall Street Journal\" class=\"sc-1mc30lb-0 ggpMaE inline-gallery-btn\"\/><\/p>\n<p>open image in gallery<\/p>\n<p>Home Depot is set to modestly raise its prices, according to The Wall Street Journal (AFP via Getty Images)<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/earnings\/home-depot-hd-q2-earnings-report-2025-a4f71152\">On Tuesday, The Wall Street Journal reported<\/a> that <a href=\"https:\/\/www.independent.co.uk\/topic\/home-depot\" rel=\"nofollow noopener\" target=\"_blank\">Home Depot<\/a> will soon raise its prices even as the company has worked to reduce the impact of tariffs by using domestic products and broadening its supply chain. <\/p>\n<p>Both political strategists and economist have shared their alarm regarding rising costs during the year so far, even as Trump promised before the election that he would drive down prices. <\/p>\n<p><a href=\"https:\/\/www.independent.co.uk\/topic\/rhode-island\" rel=\"nofollow noopener\" target=\"_blank\">Rhode Island<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/new-hampshire\" rel=\"nofollow noopener\" target=\"_blank\">New Hampshire<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/montana\" rel=\"nofollow noopener\" target=\"_blank\">Montana<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/washington\" rel=\"nofollow noopener\" target=\"_blank\">Washington<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/oregon\" rel=\"nofollow noopener\" target=\"_blank\">Oregon<\/a>, and <a href=\"https:\/\/www.independent.co.uk\/topic\/vermont\" rel=\"nofollow noopener\" target=\"_blank\">Vermont<\/a> businesses were the most likely to say that they foresee price increases in the next few months, as more than 36 percent of surveyed companies in each of those states said that they\u2019re likely to change their prices, the polling shows. <\/p>\n<p>Companies in <a href=\"https:\/\/www.independent.co.uk\/topic\/west-virginia\" rel=\"nofollow noopener\" target=\"_blank\">West Virginia<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/mississippi\" rel=\"nofollow noopener\" target=\"_blank\">Mississippi<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/arkansas\" rel=\"nofollow noopener\" target=\"_blank\">Arkansas<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/alabama\" rel=\"nofollow noopener\" target=\"_blank\">Alabama<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/new-mexico\" rel=\"nofollow noopener\" target=\"_blank\">New Mexico<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/indiana\" rel=\"nofollow noopener\" target=\"_blank\">Indiana<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/south-dakota\" rel=\"nofollow noopener\" target=\"_blank\">South Dakota<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/louisiana\" rel=\"nofollow noopener\" target=\"_blank\">Louisiana<\/a>, <a href=\"https:\/\/www.independent.co.uk\/topic\/nebraska\" rel=\"nofollow noopener\" target=\"_blank\">Nebraska<\/a>, and Washington, D.C. were the least likely to say that they would raise prices, with more than 20 percent in each of those areas expecting price hikes. <\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/China_US_Tariffs_45839.jpg\"  loading=\"lazy\" alt=\"Trucks move by a vessel docked at a container terminal in Qingdao in east China's Shandong province. Some prices are set to rise amid the implementation of Trump\u2019s tariff policies.\" class=\"sc-1mc30lb-0 ggpMaE inline-gallery-btn\"\/><\/p>\n<p>open image in gallery<\/p>\n<p>Trucks move by a vessel docked at a container terminal in Qingdao in east China&#8217;s Shandong province. Some prices are set to rise amid the implementation of Trump\u2019s tariff policies. (Chinatopix)<\/p>\n<p> Among the businesses surveyed across the U.S., more than half said they expected their costs for goods and services to increase over the course of the next six months, meaning that their bottom lines will be negatively affected if they choose not to raise their prices. <\/p>\n<p>\u201cPricing pressure may force other choices, such as staffing reductions, in the hopes of remaining competitive,\u201d said Schulz. <\/p>\n<p>The LendingTree survey was conducted between June 2 and June 15, with analysts using data from the U.S. Census Bureau Business Trends and Outlook Survey. <\/p>\n","protected":false},"excerpt":{"rendered":"Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The&hellip;\n","protected":false},"author":2,"featured_media":79770,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-79769","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/79769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=79769"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/79769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/79770"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=79769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=79769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=79769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}