“With the level of uncertainty we are seeing and the number of changes happening on an ongoing basis in global tariffs and trade, it’s difficult to predict what policies may impact customers over the course of the year.”
“We view the exposure as the $300 million that we need to go offset with price, and frankly, we’ve already implemented those price increases in our channel.”
Imports surged in Q1 as companies scrambled to secure merchandise ahead of tariffs’ implementation, while the core PCE price index rose more than expected.
The Japanese yen, Swiss franc, euro, and British pound are all benefiting as President Trump’s trade policies and rhetoric push investors to pile into assets outside of the United States.
“Immigration was an important driver of the labor market rebalancing [after the Covid-19 pandemic]. Reduced immigration could therefore fuel renewed inflationary pressures.”
