No batteries? Thinner packaging? US businesses look for ways to offset tariffs

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No batteries? Thinner packaging? US businesses look for ways to offset tariffs - Economic Times

Quick Summary:

Brands are exploring cost-cutting measures to avoid significant price hikes, focusing on methods like tweaked product designs and reduced materials that might not be noticed by consumers.

Shoppers will likely have to assemble more of their products at home as companies look to reduce shipping costs, according to Kirkendall of International Resource Development.

After putting an extra 20% tariff on all goods from China, as well as a 25% tariff on imported steel, aluminum and automobiles, Trump said he would announce on Wednesday the targets of “reciprocal tariffs” that mirror the taxes all other nations apply to certain U.S.exports.