Ikea's CEO warns that Trump's proposed tariffs could raise prices on the company's goods.

Ikea's CEO warned that President-elect Trump's proposed tariffs could lead to higher prices, challenging the company's strategy of offering affordable goods. Most of Ikea's products are made in Europe, with a third produced in Asia, notably China. Despite long-term supplier relationships, tariffs may impact the company's ability to keep costs down, potentially affecting consumers' wallets.

November 27, 2024
7 Articles

Further Reading