IKEA will never be the same again?
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An increase in tariffs would make it harder to keep prices low, said CEO Jesper Brodin of the company behind the Ikea furniture stores.
He thus joined a growing number of business people who are warning of potential price increases due to the plans of the newly elected US President Donald Trump to increase import duties, CNN reported. "We do not believe that tariffs will improve the trade of international companies, because there is always a risk that it will end up on customers' accounts," said the CEO of Ingka Group, ahead of the opening of the IKEA store in London. He pointed out that customs
