Companies Set to Unleash Sweeping Price Hikes Thanks to Trump

The Daily Beast • February 16, 2026 • business

Key Points:

Companies across the U.S. are raising prices on various products, including jeans and spices, due to the impact of Donald Trump’s import tariffs, with increases often exceeding the current inflation rate of 2.4 percent.
Columbia Sportswear, Levi Strauss & Co., McCormick & Company, and Structural Systems Repair Group are among the businesses citing tariffs as a key reason for significant price hikes, with some increases reaching double digits in percentage terms.
These price increases add pressure on Trump, who promised to lower the cost of everyday items, a pledge important to his 2024 election campaign, but his handling of the economy has contributed to declining approval ratings.
Federal Reserve Chair Jerome Powell indicated that tariff-induced price increases are