More U.S. corporate giants warn tariffs will mean price hikes
Detroit • From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump’s tariffs on U.S. imports are raising their costs and prices.Jim Hackett, CEO of Ford, the second-largest U.S.-based automaker, said Wednesday that Trump's taxes on imported steel and aluminum will cost Ford $1 billion through 2019.Likewise, Walmart, America's largest retailer, has told the administration that Trump's latest round of taxes &mdas
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