Target To Raise Food Prices “Over Next Couple Of Days”

CBNC reports:

Shoppers will likely see produce prices increase in the coming days due to President Donald Trump’s tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday.

Cornell said Target relies heavily on Mexican produce during the winter months, and the tariffs could force the company to raise prices on fruits and vegetables as soon as this week.

“Those are categories where we’ll try to protect pricing, but the consumer will likely see price increases over the next couple of days,” he told CNBC in an interview after Target released its fiscal fourth-quarter earnings.

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Target CEO Brian Cornell says consumers can expect to see impacts from tariffs in stores in the next few days: https://t.co/15qpG6i79Q

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