Majority of US companies say they have to raise prices due to Trump tariffs

A majority of US companies say they will have to raise their prices to accommodate Donald Trump's tariffs in the US, according to a new report. More than half (54%) of the US companies surveyed by insurance company Allianz said they will have to raise prices to accommodate the cost of the tariffs. Of the 4,500 companies across nine countries, including the US, UK and China, surveyed by Allianz only 22% said they can absorb the increased costs. The unpredictability of US trade policy has also dented exporters' confidence. The survey found 42% of exporting companies now anticipate turnover to…