Latest news with #importcosts
Washington Post
6 days ago
- Business
- Washington Post
Planning a wedding is stressful. Couples and vendors now have to factor in tariffs
NEW YORK — Krista Vasquez had her heart set on getting married in a body-hugging, halter-style gown from Spain. In April, the Atlanta paramedic learned her dream dress would cost nearly $300 more because of new U.S. tariffs on imported goods. With little wiggle room in her timing, the bride-to-be quickly checked around for similar styles. The story was the same: any dresses from Europe would come with tariff-driven price increases ranging from $150 to $400. And that was before President Donald Trump said he would increase the tariff on goods produced in the European Union from 10% to 50%.
Wall Street Journal
26-05-2025
- Business
- Wall Street Journal
Your Patio Furniture Set Is Going to Cost a Lot More This Summer
Sunnydaze Decor sells affordable outdoor furniture, fire pits and flower pots on much of it made in China. The costs of the Trump administration's new tariffs have kicked in on many of those items, so Chief Executive Chuck Gregorich is rolling out higher prices in June. He's already paid an additional $1 million in tariffs so far this year due to the new levies on his imports. Now he's racing to source furniture and other items from different parts of the world.
Yahoo
18-05-2025
- Business
- Yahoo
Florida produce sellers feeling squeeze of Trump tariff pressures — and your groceries may only get pricier
If you've noticed your grocery bill creeping up, especially in the produce aisle, you're not alone. Local produce vendors say prices on fruit and vegetable imports are spiking fast, and it's all thanks to tariffs pushed by the Trump administration. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Luis Saldana imports fruits and vegetables from Mexico and sells them at the farmers market in Jacksonville, Florida. He told News 4Jax the difference is already hitting his bottom line and his customers' wallets. 'We used to buy a mango for maybe a dollar,' Saldana said. 'Right now it has to be $1.75 a piece because it is a good mango.' According to Saldana, the tariffs — up to 25% on goods from Mexico — are forcing wholesalers to buy less. Where they used to be able to purchase 10 boxes of produce, they can only afford five boxes for the same price. News 4 Jax checked several major grocery stores and couldn't find a single mango still selling at last year's price. The price squeeze is being felt across the board, especially for popular Mexican imports like tomatoes, avocados, and peppers. Tomatoes face a 17.09% tariff — to take effect July 14. 'Everything that comes from Mexico,' Saldana said, 'I have to increase the price for the customer.' Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now The administration says the tariffs will stay in place until illegal crossings and drug trafficking from Mexico are 'fully stopped.' For vendors like Saldana that means navigating rising costs and shrinking profit margins. It's a squeeze that small and mid-sized businesses, already operating on thin margins, aren't built to absorb. There's a glimmer of hope on the local level. Mitch James, Assistant General Manager at Jacksonville's Farmers Market, says local farms are helping shield consumers from the full brunt of inflation. 'We've got about five or six (growers) that come from west of Jacksonville, predominantly going out towards Live Oak, that bring in cabbage, greens, broccoli, peppers — all the above,' James said. 'That's the good thing that keeps the fuel cost down, which keeps the wholesale and retail price down.' That's welcome news for families stretching every dollar to put food on the table. But with the growing season ahead and tariffs showing no signs of easing, one thing is clear: Your produce may keep getting pricier before things get better. Vendors operating on razor-thin margins are now faced with a tough choice. Do they hike prices and risk driving away budget-conscious customers? Or absorb the costs and watch their profits disappear? For small business owners like Luis Saldana, that's a lose-lose scenario. Analysts warn the tariffs could fuel inflation and limit variety in stores, making fresh produce even less accessible. And it's not just the produce aisles feeling the pressure. Smaller vendors, especially in Florida, could be pushed to the brink. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
14-05-2025
- Business
- CNA
Japan April wholesale prices rise 4.0 pct yr/yr
TOKYO :Japan's wholesale prices rose 4.0 per cent in the year to April, slowing from the previous month as the yen's rebound took pressure off import costs, central bank data showed on Wednesday. But stubbornly high fuel and rice prices underscore the pain companies face from rising raw material costs, the data showed. The increase in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, matched a median market forecast and followed a revised 4.3 per cent annual increase in March. The yen-based import price index fell 7.2 per cent in April from a year earlier, after a revised 2.4 per cent drop in March, the data showed.
Reuters
14-05-2025
- Business
- Reuters
Japan April wholesale prices rise 4.0 pct yr/yr
TOKYO, May 14 (Reuters) - Japan's wholesale prices rose 4.0% in the year to April, slowing from the previous month as the yen's rebound took pressure off import costs, central bank data showed on Wednesday. But stubbornly high fuel and rice prices underscore the pain companies face from rising raw material costs, the data showed. The increase in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, matched a median market forecast and followed a revised 4.3% annual increase in March. The yen-based import price index fell 7.2% in April from a year earlier, after a revised 2.4% drop in March, the data showed.
