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.
President Donald Trump’s tariffs hike against Canada, China and Mexico are just starting to ripple through retail.
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.
Target Chief Executive Brian Cornell said its shoppers would likely see price hikes in its stores "over the next couple of days."
President Donald Trump's new tariffs on Canada, Mexico, and China started Tuesday. Here are the goods imported most.
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