Ikea, Trump

Ikea says Trump’s tariffs could push up prices
The chief executive of the company behind Ikea furniture stores says Donald Trump’s planned tariffs will make it more difficult to keep its prices low, joining a growing chorus of business leaders in warning of a potential hit to people’s wallets from the levies.
Trade tariffs make it harder to keep prices low, IKEA executive says
Trump has pledged big tariffs on imports from trading partners, causing concern among companies whose supply chains depends on smooth global trade.
IKEA on Trump tariffs: They will make it harder to keep prices low
The tariffs proposed by President-elect Donald Trump will make it more difficult for IKEA to keep prices low, the CFO of the world’s largest furniture retailer told Reuters on Wednesday.
IKEA warns Trump tariffs will make it hard to keep prices low
Tariffs planned by President-elect Donald Trump will make it harder for IKEA to keep prices low, the chief financial officer of the world’s biggest furniture retailer told Reuters on Wednesday. Trump has pledged big tariffs on imports from the United States’ three largest trading partners,
Ikea profits down nearly 50% as fears of Trump tariff threats spook the Swedish retailer
Ikea took the unlikely approach of cutting prices as costs were rising. Now, Trump's tariffs could open up a whole new can of worms for the retailer.
Trump tariffs could force us to raise prices, warns Ikea
Donald Trump’s plans to impose sweeping tariffs on goods entering the US risk leading to higher prices for customers, Ikea has suggested.
Trump tariffs could increase prices
(CNN)– President-elect Donald Trump’s tariff plans could lead to higher prices for Americans. The CEO of the company behind IKEA says Trump’s trade proposals could make it tougher to keep prices low. Jesper Brodin says tariffs will put a strain on international businesses and trade.
Ikea warns Trump’s tariffs could push up prices
The chief executive of the company behind Ikea furniture stores says Donald Trump’s planned tariffs will make it more difficult to keep its prices low, joining a growing chorus of business leaders in warning of a potential hit to people’s wallets from the levies.
Ikea’s Largest Retailer Takes Hit on Profit After Price Cuts
Ingka Group, the largest Ikea retailer, saw a sharp decline in full-year profit after a round of price cuts and tough economic conditions weighed on the bottom line.
IKEA Store Owner Logs Slump in Profit Amid Efforts to Cut Prices
IKEA store owner Ingka Group posted sharply lower net profit in fiscal 2024 as investments in lowering prices for customers weighed on the company's bottom line. The company, which owns most IKEA stores globally and accounts for around 90% of retail sales,
Biggest IKEA retailer takes profit hit as price cuts dent sales
The world's biggest retailer of IKEA furniture on Wednesday reported a big drop in annual net profit after cutting prices in an attempt to coax more cost-conscious shoppers into its big blue stores.
Trump tariffs could make these items more expensive
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
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Trump's tariff threats could lead to price hikes, complicate global trade, economists say
Volkswagen, Stellantis, General Motors and Ford are expected to be the hardest hit by the proposed tariffs, said Bernstein analyst Daniel Roeska. "A 25 percent tariff on Mexico and Canada would ...
Trump's tariffs would devastate auto sector, raise consumer costs: industry leader
An auto industry leader says U.S. president-elect Donald Trump's threat of tariffs on Canadian goods would have devastating ...