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Consumer products giant Procter & Gamble said it would raise prices on about a quarter of its products in the U.S. in part due to costs of President Donald Trump’s tariffs.

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Procter & Gamble reported quarterly results that beat Wall Street’s expectations, but introduced 2026 guidance that included a $1 billion hit due to tariffs.

Back then, Schulten told reporters on a call that the consumer products giant still would likely have to pass on higher prices to shoppers as early as July.