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Coca-Cola cans have gone up in price, cars are up and even post-it is more expensive now that US companies have started to push the costs of the trade war to consumers published by Donald Trump.
US companies are gearing up for price increases after the publication of the second quarter results, and they intend to protect their margins from rising steel and oil prices. aluminum, which has manufacture products.
"It's disturbing for us, it's annoying for our customers," but it's "necessary," justifies James Quincey, executive director of Coca-Cola, who raised his prices early in the year. month.
reasons that prompted us in the middle of the year to announce a price increase, "defended the executive in an interview with the television channel CNBC . [19659002] These tariffs, followed by retaliation by China, the European Union, Canada and Mexico affect the bottling activity (plastic, resin) and transportation.
"In the short term , there will be an impact for consumers, "said Deborah Thomas, Hasbro's chief financial officer.
Hasbro, specializing in board games, is in talks with his suppliers and distributors on a increase that could occur during the crucial Christmas holidays
The new tariffs affect businesses in two ways: On the one hand, increases the costs of raw materials and materials imported and on the other hand, they increase costs for their customers in the export markets.
Customs duties come at a time when US companies are facing a strong dollar that is hampering their exports and falling emerging market currencies, reducing profits in these regions.
The major auto manufacturers of Detroit (General Motors, Ford, Fiat Chrysler) revised down their forecasts for 2018, citing new rates, in the worst part of their shares since the bankruptcy of GM and Fiat Chrysler in 2009.
General Motors has calculated the bill for rising prices for aluminum and steel – which account for more than half of the components of a car – more than a billion dollars in 2018. [19659012] "We will recover this deficit by raising prices," said Chuck Stevens, GM's chief financial officer, explaining that it's one rare ways that the manufacturer must remain "competitive".
For his part, Nicholas Gangestad, financial director of the industrial conglomerate 3M who takes notes post-it adhesive tapes and other products in more than 60 countries around the world. said that they were preparing "to change our sources of supply".
The company, which has recently increased its prices, does not rule out additional increases.
The producers of whiskey, bourbon, the maker of Harley-Davidson motorcycles – products hit by punitive EU taxes – have also expressed their difficulties.
GGA
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