Group 1: Price Dynamics - Global prices for the same products remain stable, but the U.S. market faces upward price pressure due to new tariffs [2][3] - Adidas reported a loss of hundreds of millions of euros due to tariffs, with expected price increases limited to the U.S. market [3] - Procter & Gamble plans to raise prices by approximately 5% on about a quarter of its products in the U.S. to offset $1 billion in increased costs [3] Group 2: Retailer Challenges - U.S. retailers are stockpiling goods to mitigate rising procurement costs, leading to increased warehousing expenses [6] - Retailers like Best Buy and various small businesses are struggling to pass on costs to consumers, resulting in reduced profit margins [6][7] - The phenomenon of stockpiling is seen as a temporary solution, with inevitable price increases expected once inventories are depleted [7] Group 3: Consumer and Business Sentiment - The new tariffs are set to take effect on August 7, raising concerns among small business owners about order cancellations and rising costs [7][9] - Consumer spending is affected, with a reported 2.6% year-over-year increase in the PCE price index, indicating rising inflation [9] - The uncertainty surrounding tariffs is expected to suppress investment willingness among businesses, complicating global supply chain adjustments [10]