Recent reports indicate that tariffs imposed during the ongoing trade tensions are significantly impacting retail prices across various sectors in the U.S. Major companies, including Walmart and Target, have announced plans to raise prices due to increased costs associated with tariffs. Consumers are now facing an inflationary wave that affects everyday products from furniture to fashion as the tariff effects ripple through the economy. Surveys show a record number of businesses anticipate needing to charge more, with many shoppers preparing for upcoming sales like Memorial Day with the looming possibility of price hikes. Analysts suggest that these developments could change the landscape of holiday shopping and back-to-school seasons. As the economic repercussions unfold, retailers are grappling with how to manage these costs while remaining competitive.