P&G announce price hikes due to Trump's tariffs
Procter & Gamble, the maker of several household staples including Tide detergent and Charmin toilet paper, is hiking prices because of President Donald Trump’s tariffs.
The company revealed in Tuesday’s earnings call that its profits will take a $1 billion hit because of tariffs, a larger cost the company originally projected in June. As a result, P&G will increase prices on about 25% of its products, going into effect next month.
P&G previously warned in April that it was going to increase prices due to tariffs.
CEO Jon Moeller said Tuesday a number of factors deflated consumer spending on its products, including “tariffs, inflation, interest rates, political and social divisiveness.”
The Pampers maker imports raw ingredients, packaging materials and some finished products into the US from China, while the vast majority – roughly 90% – of what it sells is produced domestically, the company has previously said.
The company announced in June it was slashing about 6% of its workforce over the next two years as part of a broader restructuring plan that includes eliminating some products in certain markets.
P&G joins a long list of well-known companies that are increasing prices because of Trump’s often erratic stance on tariffs. Nike, Walmart, Best Buy as well as car companies Ford and Subaru have all said they are raising prices.
| by Anonymous | reply 11 | July 30, 2025 9:41 PM
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Only when the stupid people who voted for him and the Republicans' insane Big Beautiful Bill feel the pinch in their personal finances will we get a chance at regime change.
| by Anonymous | reply 2 | July 30, 2025 12:16 PM
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r1 hit on a salient point, I think. This is the new normal now. Don't like what the government is doing/gutting/ committing? Well then, here's a check for you, now shut up. Complimentary photo of a brown person getting tortured coming along the check next time as a treat, but only if you stop bitching about the prices and the Epstein list.
| by Anonymous | reply 3 | July 30, 2025 1:05 PM
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[quote] Only when the stupid people who voted for him and the Republicans' insane Big Beautiful Bill feel the pinch in their personal finances will we get a chance at regime change.
Election Day is November 7th, 2028, the same as it would be without a P&G price hike.
| by Anonymous | reply 4 | July 30, 2025 1:33 PM
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We don't need no Charmin from China. We'll just use what grandpappy and granmaw did in the good old days before Socialism-Marxist Democrats, corn cobs. We'll just save 'em for that.
| by Anonymous | reply 5 | July 30, 2025 1:50 PM
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Will people start hoarding toilet paper again?
| by Anonymous | reply 6 | July 30, 2025 2:26 PM
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[quote]We don't need no Charmin from China. We'll just use what grandpappy and granmaw did in the good old days before Socialism-Marxist Democrats, corn cobs. We'll just save 'em for that.
Sort of the only option since the demise of the Sears catalog.
| by Anonymous | reply 7 | July 30, 2025 2:54 PM
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[quote]Election Day is November 7th, 2028, the same as it would be without a P&G price hike.
It will just cost us more to wipe our asses that morning before we head to the polls. You forgot that part.
| by Anonymous | reply 8 | July 30, 2025 8:33 PM
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I use only Quilted Northern from Georgia-Pacific and I have such a huge supply of it that I’m not sure when it will run out.
| by Anonymous | reply 9 | July 30, 2025 8:42 PM
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Oh gosh, I hope this doesn’t make them cancel “Guiding Light”.
| by Anonymous | reply 10 | July 30, 2025 9:16 PM
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"We'll just use what grandpappy and granmaw did in the good old days before Socialism-Marxist Democrats, corn cobs."
But when did I eat corn?
| by Anonymous | reply 11 | July 30, 2025 9:41 PM
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