President Donald Trump’s tariffs hike against Canada, China and Mexico are just starting to ripple through retail.
Cornell’s warning comes in the wake of Trump’s tariffs on goods from Mexico, Canada and China, which officially went into effect on Tuesday. Trump imposed 25% taxes on Mexican and Canadian imports. He also doubled the tax on Chinese products from 10% to now 20%.
Target just announced a five-year plan hinging on restoring its Tarzhay image. However, it's recently faced a reputational decline that is hindering performance.
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
Target shoppers can expect to see price increases on produce “over the next couple of days,” boss Brian Cornell said on Tuesday.
Target CEO Brian Cornell joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, impact of new Trump tariffs, company growth outlook, and more.
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.
The CEO of Target said Tuesday that be believes that President Donald Trump’s move to place tariffs on goods imported from Mexico would likely raise prices at its U.S. retail outlets, at least in specific “categories.
President Donald Trump’s tariffs on Mexico could raise prices on strawberries, avocados and bananas, Target CEO Brian Cornell said.
CEO Brian Cornell says supply chains are short for fresh fruits and vegetables, and the retailer is reliant on produce from Mexico during the winter.
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 ...