HONG KONG — With U.S. President Donald Trump’s latest China tariffs now set at 30%, more American businesses with manufacturing operations on the mainland are warning they will be forced to raise prices in the coming weeks as inventories dwindle and shipping costs surge.
Michael Wieder, co-founder and president of Lalo, a maker of baby products such as highchairs and play kits for retailers including Target and Amazon.com, said he kept prices steady after Trump kicked off the latest round of trade tensions, but was facing pressure to switch gears.
