Trump Tariffs Bite: Target CEO Warns of Rising Grocery Prices Amid Trade War Fallout
2025-03-04
Fortune
Target shoppers are bracing for higher prices on fresh produce and other essentials as the trade war escalates. CEO Brian Cornell warned of impending price hikes, citing Trump's tariffs as the culprit. With the grocery aisle feeling the pinch, consumers can expect to see bigger bills in the coming days. As the US trade war continues to impact businesses, Target joins a growing list of Fortune 500 companies warning of price increases, including potential spikes in food prices and consumer goods. The retail giant's move is a clear indication of the far-reaching effects of tariffs on everyday Americans. Key industry players are closely watching the situation, anticipating further tariff fallout.
