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Fortune
Fortune
Chloe Berger

CEOs are warning Trump tariffs will raise prices for consumers— 'Higher prices are not helpful'

Corie Barry, chief executive officer of Best Buy Co., speaks during the Fortune's Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. (Credit: Sarah Silbiger—Bloomberg/Getty Images)

The Tariff Man’s arrival is nigh, and executives aren’t exactly setting out cookies and milk for his visit. Rather, Fortune 500 CEOs are bracing for a period of high costs which, of course, will be hoisted onto the shoulders of already beleaguered consumers. 

This week, President-elect Donald Trump posted on his social media platform, Truth Social, that he’s set to impose tariffs on products from China, Mexico, and Canada on the first day of his presidency. It’s a move that will come with a hefty price. 

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