Economics

The Trump administration's volley of tariffs has U.S. companies scrambling for ways to absorb — and if possible avoid — the added business costs.

Some enterprises, from small businesses to nationally recognized brands, have already announced higher prices, citing Trump's tariffs. While others, from footwear companies to furniture brands, are warning consumers to brace for increased costs to come.

Amazon CEO Andy Jassy told CNBC Thursday that he expects the tariffs to lead to higher prices on a host of consumers goods, noting that the site's third-party sellers are likely to pass on tariff-related costs.