inventories

In time, Anderson became a retail liquidator, helping to close jewelry and watch stores and sell their remaining inventories.

Most have not yet passed on the costs to consumers, but tight margins will ultimately require them to do so once they have a better understanding of the tariff costs and drawdown on inventories.

Even though forecasters predict global oil inventories will increase over the next five months, relieving pressure on oil prices, California consumers won’t feel the expected continued reprieve next month.

He was also a lecturer at the prestigious Sorbonne University in Paris, with access to Versailles Palace's historical records, including inventories of royal furniture which had existed at the palace in the 18th Century.

"Manufacturers, particularly in defence and high-tech, face potential shortages and production delays due to halted shipments and limited inventories," said Dr Harper.