The CEO of Target said Tuesday that be believes that President Donald Trump’s move to place tariffs on goods imported from Mexico would likely raise prices at its U.S. retail outlets, at least in specific “categories.
Tariffs on the two largest trading partners of the United States are expected to have far-reaching impacts that may be hard to predict.
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 and China.
During the most recent quarter, comparable sales — those from stores and digital channels operating for at least 12 months — rose 1.5%. That was higher than the 0.3% gain during the third quarter. Target posted a 2% gain in the second quarter and a 3.7% drop in the first quarter.
Brian Campbell played well enough to win the Mexico Open for his first PGA Tour victory. He also needed the break of a lifetime.