Target CEO warns of price hikes on produce in coming days following Mexico tariffs
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, according to Target’s chief executive officer.The Minneapolis-based retailer warned that new tariffs and economic uncertainty would pressure its first-quarter profits, as consumers continue to pull back on spending. Target CEO Brian Cornell expressed concerns about the impact of rising duties, particularly on ...