From Sofas to Shoes, Trump’s Agenda Keeps Raising Prices

While Donald Trump profits off the White House “more than any other occupant” before him, everyday Americans are facing skyrocketing prices on household goods, cars, toys, and more. Trump’s economy is already costing thousands of Americans their jobs, plummeting a “rocky” job market, and decimating small businesses. With results like that, it’s no surprise that a majority of Americans are opposing Trump and his failed agenda. 

Here’s a look at the latest ways Trump is raising prices on the American people: 

CNN: “These companies will raise prices because of Trump’s tariffs” 

“Walmart said on April 15 it would increase prices because Trump’s tariffs were ‘too high,’ particularly when it came to products made in China. … 

“On May 6, toy manufacturing giant Mattel said that it would raise prices due to tariffs. … 

“Electronics retailer Best Buy warned during a March earnings call that ‘vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely.’

“Lin Tao, CFO of PlayStation maker Sony, said ‘we may pass on the price’ [to consumers] during an earnings call. … 

“Household product maker Procter & Gamble, which owns brands like Pampers, Tide and Charmin, said during an earnings call on April 24 it would consider raising prices in some categories and markets. …

“Stanley Black & Decker, which owns power tool brands, raised prices by an average of high single-digits because of tariffs. Another round of price increases will come later this year. … 

“Adidas said higher costs are likely for products in the US due to Trump’s back-and-forth tariff.” 

Associated Press: “John David Rainey, [Walmart’s] chief financial officer, emphasized that prices are going up on many necessities. The price of bananas, imported from Costa Rica, went up to 54 cents per pound from 50 cents per pound, for example. And he thinks that China-made car seats, which currently sell for $350 at Walmart, will likely go up another $100.” 

USA Today: “Ford Motor Co. is hiking prices … becoming one of the first major automakers to adjust sticker prices in response to President Donald Trump’s tariffs.

“Prices on the Mustang Mach-E electric SUV, Maverick pickup and Bronco Sport will increase by as much as $2,000 on some models, according to a notice sent to dealers that was reviewed by Reuters.” 

Reuters: “Exclusive: Subaru of America increases vehicle prices, citing market conditions” 

“The Subaru price increases will add between $750 and $2,055 to vehicles depending on the model and trim, according to a notice posted on a dealer website.”  

Washington Post: “Your new sofa could be the first sign tariff inflation is hitting home” 

“Prices for furniture and bedding rose more than 7 times faster than overall prices in April, according to the Bureau of Labor Statistics. PriceStats, an index that tracks the online prices of goods daily, saw the costs of household furnishings and equipment rise by 0.8 percent — a record amount for April on a seasonally unadjusted basis.” 

CNN: “On Tuesday, S&P Global releases its S&P Global CoreLogic Case-Shiller National Home Price Index for March. Home-price growth in February continued to climb, rising at an annual pace of 3.9%, as lingering housing shortages continued to push up prices.” 

Axios: “Volvo Cars CEO Håkan Samuelsson told Reuters that the Swedish car company’s customers would have to pay a large part of tariff-related cost increases. … 

“Nike plans to increase prices starting June 1, according to multiple reports.” 

The Verge: “Nikon’s cameras are about to get more expensive in the US because of tariffs” 

“Nikon has announced a ‘necessary price adjustment’ for its products that will come into effect for the US starting on June 23rd, 2025. …

“Other camera makers that have recently raised prices include Sony and Leica, while Fujifilm temporarily paused US preorders for several of its cameras”