Swedish brand IKEA, which is known for its affordable furniture and home goods, has confirmed it is raising prices amid a new wave of tariffs from the Trump administration.

In a recent comment to the Wall Street Journal, Tolga Öncü, retail manager at Ingka — which operates most Ikea stores — acknowledged that the retailer will raise some prices amid economic pressures.

IKEA operates a retail store in Bloomington, as well as a pick-up location in Maple Grove and a plan and order location in Roseville.

"We can’t stay immune to absorb all the costs ourselves," Öncü told the publication. "But the big work sits in finding ways to lower the prices."

The news is in contrast to the company's tone this time last year, when it announced it had “substantially lowered prices” across all of its mar

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