Price hikes across the board

Tariffs are increasingly driving up costs for US companies, prompting a new wave of price increases on everyday products from companies including J.M. Smucker and Hormel Foods. Retailers, including Walmart, Target and Best Buy, have begun passing these tariff-related increases on to consumers as they restock inventory at higher costs, and executives warn that further price hikes are likely in the coming months as the effects of tariffs fully filter through supply chains.