Cornell told CNBC that Target “relies heavily on Mexican produce during the winter months, and the tariffs could force the company to raise prices on fruits and vegetables as soon as this week,” Gabrielle Fonrouge and Jacob Pramuk reported.
President Donald Trump’s tariffs on Mexico could raise prices on strawberries, avocados and bananas, Target CEO Brian Cornell said.
Americans can expect to pay higher prices in the coming days for produce such as strawberries, bananas and avocados that are imported from Mexico as President Trump’s tariffs go into effect on Tuesday,
CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices "over the next couple of days."
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.
Prices for fruits and vegetables are likely to rise within a matter of days thanks to President Donald Trump’s sweeping tariffs on products from Mexico, the Target CEO said Tuesday. Speaking on the same day a 25-percent duty on products from Mexico and Canada took effect,
Target CEO Brian Cornell also said tariffs on Mexico, Canada and China would put “meaningful pressure” on the company's profits.
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Axios Sneak Peek on MSNTrump's tariffs to cause food prices to rise "over next couple of days," Target CEO saysNew tariffs are expected to cause food prices to rise in the coming days, especially on produce from Mexico, Target CEO Brian Cornell warned Tuesday. Why it matters: President Trump's long-promised tariffs on goods from Mexico and Canada went into effect Tuesday along with an additional 10% levy on Chinese imports.
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 CEO Brian Cornell warned consumers that prices will inflate in “the next couple of days” due to the President Donald Trump’s tariffs. In an interview with CNBC, Cornell explained that Target stores depend on fruit and vegetable imports from Mexico in the winter months,
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,
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