US EditionNo batteries? Thinner packaging? US businesses look for ways to offset tariffs
- On March 31st, in El Segundo, California, consumer product companies were shown retooling their wares to reduce costs and avoid raising prices in response to new import taxes levied by President Donald Trump.
- President Trump's tariffs, including an extra 20% on goods from China and 25% on imported steel, aluminum, and automobiles, added to business expenses, leading to retooling efforts.
- Companies are evaluating removing or replacing components with less expensive ones, such as using thinner paper, fewer paint colors, or switching from plastic to cardboard packaging, to absorb the financial hit from tariffs.
- As Basic Fun CEO Jay Foreman presents retailers with different packaging options, Abacus Brands Inc. President Steve Rad stated that cardboard trays cost 7 cents per unit compared to 30 cents for plastic trays, and Foreman noted, "The compromises we're making are things that do not matter to the consumer."
- Experts like Edgar Dworsky suspect these measures may not fully offset price increases, potentially leading to shrinkflation, and Kimberly Kirkendall advises short-term strategies like collaborating with suppliers to mitigate costs, as U.S. Consumers feel tapped out after several years of inflation in a precarious economic environment.
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No batteries and less in the package — here are the way US companies are trying to avoid tariffs profit cuts
Gadgets sold without batteries. Toys sold in slimmed-down boxes or no packaging at all. More household goods that shoppers need to assemble themselves.
·New York, United States
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The Globe & MailReposted by 
Japan Today
Japan TodayNo batteries? Thinner packaging? U.S. businesses look for ways to offset tariffs
Businesses say tariffs add to their expenses and eat into their profits, but they are wary of losing sales if they try to pass all of the increase on to customers
·Canada
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Associated Press News+48 Reposted by 48 other sources
No batteries? Thinner packaging? US businesses look for ways to offset tariffs
Gadgets sold without batteries. Toys sold in slimmed-down boxes or no packaging at all. More household goods that shoppers need to assemble themselves.
·United States
Read Full Article
Coverage Details
Total News Sources56
Leaning Left10Leaning Right3Center29Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 24%
C 69%
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