Target CEO Brian Cornell also said tariffs on Mexico, Canada and China would put “meaningful pressure” on the company's profits.
The 25% tariffs on Mexican and Canadian imports, plus the additional 10% levy on Chinese imports, took effect at 12:01 a.m. Tuesday, prompting retaliatory measures
Automakers got a one-month exemption yesterday from the 25% tariffs on imports from Canada and Mexico—a glimmer of hope that sparked a Wall Street rally. But Target CEO Brian Cornell and other U.S. retailers say they could raise prices on fresh-food imports within days.
Shoppers can expect to see higher prices at the checkout counter – on goods ranging from avocados to computers to Tonka trucks – with some hikes from the new tariffs coming as early as the end of the week,
Target and Best Buy warned consumers to expect higher prices as a direct result of the tariffs US President Donald Trump imposed on Mexico, Canada and China overnight. Target Chief Executive Brian Cornell said its shoppers would likely see price hikes in its stores “over the next couple of days,
President Donald Trump's tariffs hike against Canada, China and Mexico are just starting to ripple through retail.
Food prices, namely produce items, are expected to go up in the coming days due to President Donald Trump’s tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday. Cornell told CNBC that Target “relies heavily on Mexican produce during the winter months,
President Donald Trump’s tariffs on Mexico could raise prices on strawberries, avocados and bananas, Target CEO Brian Cornell said.
Target shoppers can expect to see price increases on produce “over the next couple of days,” boss Brian Cornell said on Tuesday.
Retailers including Best Buy and Target are warning that Trump administration tariffs will force them to hike their prices.
Target Chief Executive Brian Cornell said its shoppers would likely see price hikes in its stores "over the next couple of days."
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