Summary: US President Donald Trump imposed broad tariffs worldwide, ranging from 10% to nearly 50%, forcing businesses to adjust. Companies are considering raising prices, reducing shipments, or cutting back investment activity. The most common method of dealing with tariffs is to raise prices, passing along the cost to customers, which could boost the price of retail goods and impact consumer spending.

Link: https://www.straitstimes.com/business/companies-markets/companies-face-new-reality-of-trump-tariff-chaos