Target and Best Buy say Trump’s tariffs on Mexico, Canada, and China could raise prices in their stores as soon as this week. During an interview with CNBC, Target CEO Brian Cornell said consumers will “likely see prices increase over the next couple of days,
Even as new tariffs on Mexico and China are poised to hit Best Buy harder than other retailers, the true extent of price increases consumers will face remains unclear.
The CEOs of Target and Best Buy each said price increases are highly likely amid Trump's new tariffs on Canada, Mexico, and China.
Best Buy became the latest U.S. retailer to sound the alarm on President Donald Trump’s tariffs. CEO Corie Barry warned that it is “highly likely” that prices for U.S. consumers will increase as a result of Trump’s tariffs on China and Mexico that went into effect on Tuesday,
Two of America’s largest retailers, Target and Best Buy, warned Tuesday that prices will increase following President Donald Trump’s tariffs on imported goods from Mexico, Canada
Best Buy beat Wall Street's fourth-quarter earnings and revenue estimates as the company's computing and phone sales increased.
Target and Best Buy warned shoppers to expect higher prices as a result of President Donald Trump’s escalating trade war.
Consumer-electronics retailer Best Buy has taken a stab at estimating how much tariffs could hit sales. The news isn't good. If the 10% tariffs on China that began in February remain in place all year,