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Target and Best Buy warn of price hikes from Trump's tariffs

Major U.S. Retailers, including Target and Best Buy, are warning consumers about price increases on various products due to tariffs.
Target CEO Brian Cornell stated that prices of fruits and vegetables may rise because of reliance on Mexican supply.
Best Buy CEO Corie Barry mentioned that vendors will pass tariff costs to retailers, making price increases likely for consumers.
Both executives indicated that current tariffs will result in significant price hikes for American consumers.

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The Korea Times

BOK warns of high uncertainty regarding inflationary pressure

Uncertainties remain high regarding prices, given geopolitical issues and trade conflicts among major nations, the central bank said Thursday.

11 hours ago·Korea, Republic of

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Trump tariffs will mean higher prices for U.S. consumers, major retailers say

Retailers including Best Buy and Target are warning that Trump administration tariffs will force them to hike their prices.

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Target CEO issues warning on Trump tariffs and food price hikes

“If there’s a 25% tariff, those prices will go up,” Cornell told CNBC in a recent interview

18 hours ago·San Francisco, United States

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Prices on electronics, computers could be impacted by U.S. tariffs

Newly increased tariffs on goods imported from China could have a big impact on consumer prices for electronics and computers, experts warn.

18 hours ago·Chicago, United States

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Best Buy's CEO explains what Trump's tariffs really mean

Best Buy CEO Corie Barry explains what Trump's tariffs on Canada, Mexico, and China mean.

20 hours ago·New York, United States

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Target and Best Buy Say Price Hikes Are Coming Thanks to Trump's Tariffs

Target, Best Buy, and Walmart all say cheap goods aren't gonna be so cheap.

22 hours ago·United States

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Coverage Details

Total News Sources88

Leaning Left18Leaning Right8Center27Last Updated10 hours agoBias Distribution

51% Center

Bias Distribution

51% of the sources are Center

51% Center

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Forbes broke the news in United States 2 days ago on Tuesday, March 4, 2025.

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