President Donald Trump is giving many businesses an unexpectedbenefit on top of lower taxes and regulatory relief: He's helpingto restore their pricing power.
By pouring hundreds of billions of dollars of tax cuts and extragovernment spending into an already stretched economy, Trump isfostering an environment where firms such as conglomerate 3M Co.can raise prices because demand for their products is strong.
“The power is with the seller,” said Chris Williamson, chiefbusiness economist at consultants IHS Markit Ltd.
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