U.S. companies across industries are feeling the squeeze from the deepening split between lower-income and affluent consumers as tariffs pile on more uncertainty.
U.S. President Donald Trump’s new 25% tariffs on all medium- and heavy-duty truck imports from November 1 add another challenge, said Telsey Advisory Group analyst Dana Telsey. “For companies operating in highly competitive sectors where price elasticity is high, there may be limited room to raise prices, forcing some firms to absorb part of the cost increase,” she said.
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