Target and Best Buy CEOs warn of imminent price increases due to Trump's new tariffs on imports from Mexico, Canada, and China. Target relies heavily on Mexican produce during winter, while Best Buy sources significantly from both Mexico and China. The tariffs include a 25% tax on Canadian and Mexican imports, plus an additional 10% tax on Chinese goods.

https://www.theverge.com/news/624254/best-buy-target-raise-prices-tariffs

#tariffs #retail #internationaltrade #economicpolicy #consumerimpact

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