Ingka Group is the company behind most Ikea stores worldwide.
In general, we do not believe that tariffs benefit international companies and international trade. In the end, it risks ending up on the customers' bills, says CEO Jesper Brodin to CNN ahead of the opening of Ikea's pop-up store on Oxford Street in London.
The incoming US President Donald Trump wants to raise tariffs on goods from China, but also introduce tariffs against neighboring countries Mexico and Canada. Approximately 70 percent of Ikea's products are manufactured in Europe and the remaining 30 percent are manufactured in Asia, mostly in China, writes CNN.
Corrected: An earlier version contained a misleading statement about Jesper Brodin's statement
