As tariffs on Chinese imports persist, major U.S. retailers warn of potential price increases, leaving consumers uncertain about future shopping costs.

The retail industry is alerting President Trump that they can’t “eat” his tariffs forever – and price increases are likely to hit in the coming weeks, On The Money has learned. Whether this gets translated into higher official inflation numbers is anyone’s guess at this point.

White House frustration with Europe’s pace and position in trade talks leads to surprise tariff warning ahead of June 1 deadline.

A 50 percent tax on European imports would hit the continent hard, hurt the U.S. economy and slow growth globally.

U.S. President Donald Trump said on Friday Apple will have to pay a 25% tariff if phones sold in the country are not made within its borders. Shares of the iPhone maker fell nearly 3% on the news in premarket trading.