“Due to Trump’s new customs tariffs, IKEA warns of price increases. The CEO of Ingka Group said that it is difficult to maintain low prices for IKEA products due to Trump’s new customs tariffs. The company will have to adapt to new conditions, which may affect the availability of goods.”, — write on: unn.ua
Jesper Brodin, CEO of Ingka Group (the company that owns IKEA furniture stores) said in an interview with CNN that the customs tariffs announced by Trump will not support international companies and international trade. Ultimately, it will hit the consumer’s wallet.
“Tariffs make it difficult for us to keep prices low and provide affordability to many people, which is ultimately our goal.”
He mentioned that his company had always gone through difficult times when tariffs were high. “It’s out of our control. We’ll have to understand and adapt,” Brodin added.
We will remind
The newly elected US president plans to impose a 25% tariff on imports from Mexico and Canada due to drug trafficking problems. An additional 10% tariff on Chinese goods due to the supply of fentanyl is also proposed.