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Target, best shopping, price increase warning increases for entry into force of tariffs


Prime leaders Target and the best purchase Tariffs against basic trading partners on Tuesday will put pressure on gains and increase consumer prices.

Target CEO Brian Cornell told CNBC that the buyers said the company’s productivity in the next few days would “be price growth in the next few days.” He said that the retailer can raise prices on fruits and vegetables imported this week.

The United States began to apply a 25% tariff to the goods from Canada and Mexico on Tuesday, as well as Chinese imports, drug trafficking and illegal immigration. The action has established a trade war with nations who fired back in the US goods.

Trump tariffs will increase consumer prices: National Retail Federation

During the fourth quarter-winning report on Tuesday, Cornell will see meaningful annual income in the first quarter for “Tariff Uncolition”, “he said.

The best thing to say, Celie Barry, reflecting similar concerns on the company’s call for the company’s income on Tuesday, said that they will say that consumers take into account the critical trade of the industry.

Target buyers

Buyers outside a target in Clifton, New Jersey. (Getty Images / Victor J. Bloomberg via Getty Images)

“China and Mexico, number 1 and 2 sources number 2 for the products we have sold, we sell accordingly,” Barry. “The best is the best only 2% of our total assortment, while importing only 3% of our vendors, we expect the possibility of retail costs, the probability of increasing price increase for American consumers.”

Earlier this year, the leadership calls on trade transactions to resolve the US border security in Canada and Mexico in a timely manner and suspension of drug flow such as Fentanyl.

Trump’s proposed tariffs can handle food prices, experts say

Although the nations continue to negotiate, Trump, last week to the truth, “Drugs are still poured into our country at very high and unacceptable levels.”

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All the best Celie Barry said that the most critical trading tariffs for the industry are probably feeling the best for the industry. (Reuters / Andrew Kelly / Reuters)

“We cannot allow this trouble to continue to harm the United States, and therefore are strictly limited, and will come into force in March,” China will be held in March 10%. ”

He also said that other tariffs launched on April 2, but did not offer details.

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In addition to the target and best purchase, a number of retailers raised concerns about the prospects of tariffs that extend the cost of products in the last few months passed to consumers – or even forces them to return them over inventory.

Ticker Safety Last Change Change%
Tgt Target Corp. 120.76 -3.48

-2.80%

By The best purchase co. Inc. 86.74 -3.17

-3.53%

For example, Dollar tree – Highly exposed to China – if tariffs are applied, the company can change product details or dimensions, and even very expensive, and even more expensive, it can stop the items.

A Walmart spokesman, in a statement to the FOX business, the company’s “significant increase in the tariffs can lead to an increase in expenses for our customers when they feel the remains of inflation,” he said.

Goldman Sachs also increased the concerns about the products on products.

Fox Business’ Anders Hagstrom contributed to this report.



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