The announcement does not end that uncertainty.
Shortly after the tariff announcement, retailers Target and Best Buy both said they expect the levies to increase prices, hurting already cautious consumers.
In recent weeks, some companies raced to get ahead of tariffs with pre-ordering of goods, but executives have until now been taking a wait-and-see approach on investments and expenditures, as Trump has altered his plans for tariffs several times since re-taking office.
Executives have tried to assuage investors that they will be able to mitigate or pass on the additional costs, but some have also expressed their frustration with the White House's numerous shifts on policy.
Separately, a trade group representing nearly all major automakers warned that new 25% tariffs on imports from Canada and Mexico imposed by U.S. President Donald Trump will lead to drastic price hikes.
