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.
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
Companies big and small will face higher costs on the goods they buy from other countries — and, may have little recourse but to hike prices themselves.
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.
Shoppers will likely see prices start to increase in the coming days on their grocery bills, Target Chief Executive Brian Cornell said Tuesday. Target depends on fresh produce from Mexico during the winter months.
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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