CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices "over the next couple of days."
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.
President Trump’s 25% tariffs on imports from Canada and Mexico went into effect Tuesday, along with a heightened 20% levy on Chinese goods.
Target CEO Brian Cornell was among the first to raise the alarm after the Trump administration on Tuesday levied 25% duties on products from Canada and Mexico, as well as doubling the toll on
President Donald Trump’s tariffs on Mexico could raise prices on strawberries, avocados and bananas, Target CEO Brian Cornell said.
Tariffs on the two largest trading partners of the United States are expected to have far-reaching impacts that may be hard to predict.
Target Chief Executive Brian Cornell said its shoppers would likely see price hikes in its stores "over the next couple of days."
Target CEO Brian Cornell warns that prices for fruits and vegetables will likely rise due to new tariffs, while Best Buy CEO Corey Berry anticipates eventual price increases for electronics.