More US corporate giants warn tariffs will mean price hikes
Story Date: 9/28/2018

 

Source: WRAL, 9/27/18

 From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump's tariffs on U.S. imports are raising their costs and prices. Jim Hackett, CEO of Ford, the second-largest U.S.-based automaker, said Wednesday that Trump's taxes on imported steel and aluminum will cost Ford $1 billion through 2019.

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