President Donald Trump's tariffs hike against Canada, China and Mexico are just starting to ripple through retail.
President Donald Trump has followed through on his temporarily delayed tariff threats. The US will impose a 25 percent tariff on goods imported from Mexico and Canada, while China will face an additional 10 percent tariff on top of the 10 percent tax previously enacted.
President Trump’s 25% tariffs on imports from Canada and Mexico went into effect Tuesday, along with a heightened 20% levy on Chinese goods.
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's CEO warned that prices on fresh produce from Mexico, like strawberries and bananas, will go up this week.
CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices "over the next couple of days."