Trump has pledged big tariffs on imports from trading partners, causing concern among companies whose supply chains depends on smooth global trade.

The chief executive of the company behind Ikea furniture stores says Donald Trump’s planned tariffs will make it more difficult to keep its prices low, joining a growing chorus of business leaders in warning of a potential hit to people’s wallets from the levies.

Ikea took the unlikely approach of cutting prices as costs were rising. Now, Trump's tariffs could open up a whole new can of worms for the retailer.

Jasper Brodin, CEO of Ingka Group, acknowledged that the tariffs the Donald Trump administration plans to introduce soon will negatively impact international trade. "It’s beyond our control. We will need to understand and adapt,