Adidas, Shein, among 10 companies that will raise their prices as Donald Trump tariffs weigh on US imports

News Snapshot:

Adidas, Shein, Walmart, and Best Buy are among the 10 companies which are set to increase their product prices as President Donald Trump's baseline tariffs and charges on most Chinese imports weigh on the US imports, reported the news portal CNN. According to earlier reports, Donald Trump imposed a baseline tariff rate of 10 per cent on all imports into the United States and a recent 30 per cent on imports of Chinese goods. Most of these business-to-consumer companies have called out Trump's tariffs as “too high” and decided to hike the cost of the products to offset the effect...