Businesses Label Tariff Costs on Receipts to Combat Price Hike Backlash
President Trump’s tariffs are forcing businesses to raise prices, prompting many to increase transparency with consumers. Retailers, from small bike shops to large online marketplaces like Temu and Shein, are openly displaying tariff-related surcharges to maintain customer trust amidst rising costs. This strategy, while potentially alienating some customers, aims to mitigate negative impacts by clearly attributing price increases to government policy. A recent survey reveals significant public awareness of tariff-driven price hikes and widespread support for businesses disclosing these costs.
John Q. Hosedrinker