Trump Tariffs: Target and Best Buy Warn of Price Hikes

Target and Best Buy have warned that President Trump's tariffs on Mexico, Canada, and China could lead to higher prices in their stores as early as this week. Target CEO Brian Cornell stated that consumers will "likely see price increases over the next couple of days," citing Mexico as a significant source of winter fruits and vegetables. Best Buy CEO Corie Barry echoed this sentiment, noting that China and Mexico are major sources of their products and that price increases are "highly likely." While the Commerce Secretary hinted at potential compromises with Canada and Mexico, the impact of the tariffs is already being felt, with consumers facing the prospect of paying more for goods.