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Major US retailers, including Costco, Walmart, Target, and Nike, are raising prices or plan to do so to offset the impact of tariffs. These price increases affect various goods, from groceries and clothing to electronics and toys. While some companies explicitly cite tariffs, others attribute price hikes to 'macroeconomic uncertainty'. The rising costs are impacting retailers' profit outlooks, with several reducing or withdrawing their full-year guidance. Economists widely agree that tariffs are inflationary and will ultimately burden consumers.

Prepared by Christopher Adams and reviewed by editorial team.