Williams notes three-quarters of businesses passed tariff costs to customers, half of service firms fully.
“The survey’s key finding is that about three-quarters of respondents in both sectors passed along at least some of these higher costs to their customers by raising prices.”
Williams reports three-quarters of businesses passed along tariff costs, with a third to half fully passing them through.
“Indeed, almost a third of manufacturers and nearly half of service firms reported fully passing along all tariff-related cost increases.”