Trump’s Mexico Tariffs Cold Raise Produce Pries in the Next Few Days, Target Ceo Says

Shoppers will likely Target CEO Brian Cornel Said Tuesday.

The Trump Administration’s 25% Levies on Goods from Mexico and Canada, Along with an additional 10% duty on chinese imports, TOOK EFFECT on Tuesday.

Cornell said target reliaries heavily on Mexican Produce during the winter months, and the tariffs could for the company to raise prieces on fruits and vegetables as soon as soon.

“That are categories where we well try to protect, but the consumer will likely Target Released Its Fourth-Quarter Earnings,

“If there’s a 25% tariff, thatay prices will go up,” cornel added.

Cornell Said Prisis Block Rise for Produce Like Strawberries, Avocados and Bananas.

While Inflation has Esed In recent months, price incurses have not modulated as much as the federal reserve has hoped. High costs for food and housing have continued to stretch consumer budgets, and trump’s tarifs have raised fears that households will face even higher experiences. The President and his advisors have contended the duties will not raise prices for consumers.

The Concerns about tariffs come after consumer confidence dropped in February To its lowest level since 2021.

Cornel said “there is some concern about tarifs” that adds to the pressure alredy facing consumers.

The target ceo downplayed concerns about how The cumulative 20% duties On Goods from China will affect shoppers at the company’s stores. Cornell said target has reduced its reliance on china to about 30% of importants from more than 60%.