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Target and Best Buy warn of price hikes from Trump's tariffs

  • Target and Best Buy warned on Tuesday that customers will see higher prices.
  • President Trump's tariffs on goods from Mexico, Canada, and China caused the warnings.
  • The tariffs include 25% on Mexico and Canada and 20% on Chinese imports.
  • Target CEO Brian Cornell said customers should expect to pay more for produce.
  • Consumers will likely see price hikes affecting essential and discretionary goods potentially slowing spending.
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Forbes broke the news in United States on Tuesday, March 4, 2025.
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