What do luxury apparel fans and little kids have in common? Their favorite brands may have to hike prices due to tariff strain. The big picture: From Ralph Lauren to Barbie maker Mattel, several household names have recently announced they're looking at higher prices in an effort to offset tariffs.

U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.

Some have rushed to take advantage of the rollback by frontloading and stockpiling shipments. Container bookings for China to U.S. routes soared nearly 300% in the days after the truce was announced, particularly as businesses anticipate end-of-year holiday shopping demand.

President Trump believes he can force more goods to be made at home by raising taxes on American imports. He imposed new tariffs on cars, steel and aluminum. His particularly steep tariffs on China prompted an escalation that blocked most trade between the countries. He also placed new “ reciprocal tariffs ” on China and dozens of other countries.

The recent trade policies under the Trump administration have led to the highest tariff rates faced by American consumers since 1909.

A quarterly earnings release from Nvidia is set to greet investors in the week ahead as the stock market rally has hit pause.