Target and Best Buy Say Price Hikes Are Coming Thanks to Trump’s Tariffs
It’s not going to be long before we start feeling the impact of Donald Trump’s tariffs on imports from Mexico, Canada, and China. Big Box stores including Target, Best Buy, and Walmart are already telling shoppers to brace for price increases that could start as soon as this week.
Walmart feels the heat in China after Trump imposes tariffs
Walmart is getting caught in the middle of an escalating trade war between the United States and China. Chinese officials confirmed on Thursday they had met with executives from the US retail giant, following a news report that it had pressured its suppliers in China for discounts to cope with rising tariffs imposed by Donald Trump.
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Earlier that day, Target CEO Brian Cornell warned that shoppers may notice higher prices on fruits and vegetables in stores within the next few days. Walmart has historically had strong ...
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