Tariffs will send costs soaring. Which firms will raise prices?

It could have been worse, but it’s still not good. Many company bosses will have been relieved at Donald Trump’s 90-day delay in imposing “reciprocal” tariffs on imports to America from most countries, announced on April 9th. But a basic levy of 10% still applies. And the pause will not extend to countries that have dared to retaliate. This includes China, which raised tariffs on American goods to 84%, and now faces a tariff of 125%.