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

Wall Street investors, retail executives and economic analysts are sounding growing alarms that the new administration’s trade policies could pinch shoppers and the economy.

NBC News - 1d

Target, Best Buy warn of higher prices over Trump tariffs

Target and Best Buy warned on Tuesday that shoppers should expect to see higher prices on certain goods as President Trump's tariffs on Mexico, Canada and China go into effect and those nations ...

The Hill - 18h

Best Buy shares plunge as CEO warns price increases are 'highly likely' due to Trump tariffs

Best Buy beat Wall Street's fourth-quarter earnings and revenue estimates as the company's computing and phone sales increased.

CNBC - 1d

Trump Tariffs Rattle Border Businesses as They Hike Prices

Uncertainty and the threat of further disruption prompt big changes and plenty of worries at small companies that depend on cross-border business.

Inc. - 1d

Oil prices end lower on plans for OPEC+ output hike and Trump’s tariffs

Oil futures declined Monday after OPEC+ said it will boost output starting in April, and as President Donald Trump’s planned tariffs on imports from Canada and Mexico threatened to slow demand for ...

MarketWatch - 1d

Trump's new tariffs could hike car prices by $12,000, report says

Here's how new tariffs on Canada, Mexico and China could impact car prices for consumers, according to a new analysis.

CBS News - 1d

These products could see price hikes under Trump's new tariffs

Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.

CBS News - 1d

Target warns Trump’s tariffs could cut into profits

Big-box US retailer says it expects ‘meaningful year-over-year profit pressure’ in first quarter

Financial Times - 1d

Trudeau hits out at 'dumb' tariffs as Trump warns of further hikes against Canada

Canada has imposed its own retaliatory tariffs, which will remain in place until the US reverses course.

BBC News - 18h

US consumers warned to brace for higher prices due to Trump’s tariffs

Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and Canada. Trump’s Congress speech – latest updates Americans have been warned to ...

The Guardian - 20h

North American pipeline company warns Trump tariffs will hit fuel prices

TC Energy chief says continent needs to deepen cross-border ties to avoid inflation and protect energy security

Financial Times - 1h

Best Buy CEO says tariffs make price increases for Americans highly likely

Tariff uncertainty is adding to the pressure on consumers caused by a long period of high inflation, sending the retailer’s stock toward its worst day in more than 3 years

MarketWatch - 22h

Trump's Mexico tariffs could raise produce prices in the next few days, Target CEO says

President Donald Trump's tariffs on Mexico could raise prices on strawberries, avocados and bananas, Target CEO Brian Cornell said.

CNBC - 20h

Target Reports Solid Holiday Quarter But Warns of Tariff Uncertainty Ahead

The retailer ended 2024 with a good holiday season, but warned of uncertainty ahead.

The New York Times - 1d

Tell ‘price walkers’ to take a hike

We know how this works: you sign up for a deal at a low teaser rate — when it’s time to renew, you’re on a contract with a much higher price

Financial Times - Feb. 26

Trump puts tariffs on thousands of goods from Canada and Mexico, risking higher prices

President Donald Trump has moved forward with a plan to put sweeping tariffs on all goods coming into the United States from Canada and Mexico, threatening a trade war with its closest trading ...

NBC News - 1d

What will Starmer’s defence spending buy from Trump?

Plus: Amol & Nick talk tactics over PM-President meets & remember past awkward encounters.

BBC News - 6d

European stocks fall after Trump’s tariff warnings

US president has threatened 25% duties on EU imports as well as levies on other major trading partners

Financial Times - 6d

Farms and Bakeries Hit by Egg Shortages and Price Hikes

Bare shelves in supermarkets and wholesalers, combined with double-digit price jumps, are pushing many food businesses to raise prices or change recipes.

Inc. - Feb. 19

China vows to retaliate as necessary after Trump threatens another 10% tariff hike

China's statement on Friday appeared to strike a stronger tone than its response after Washington slapped the initial 10% duties earlier this month.

CNBC - 5d

Trump tariffs could raise US fuel prices

President Trump’s tariffs on Mexico and Canada could raise energy prices for U.S. consumers. On Tuesday, tariffs against both of America’s neighbors took effect. The broader tariffs included a 10 ...

The Hill - 19h

Trump tariffs could raise fuel prices

Click for more from The Hill. {beacon} Energy & Environment Energy & Environment The Big Story Trump tariffs could raise fuel prices President Trump’s tariffs on Mexico and Canada could raise ...

The Hill - 18h

How Target shoppers could be hurt by Trump’s tariffs in the ‘next couple of days’

Target’s already buying less from China, but tariffs haven’t had the impact that President Donald Trump wanted.

MarketWatch - 1d

China sets GDP target of 5% for 2025 amid tariff war with Trump

Economists believe that meeting the target will be challenging as Beijing grapples with Donald Trump’s new trade war. Explained: what is China’s Two Sessions meeting? China has set its GDP ...

The Guardian - 12h

BlackRock to buy Panama Canal ports after pressure from Trump

Deal worth $22.8bn involves sale of bulk of those owned by Hong Kong-based conglomerate CK Hutchison

Financial Times - 16h

China accuses US of 'blackmail' after Trump warns of increased tariffs

China’s officials condemned President Trump for his decision to add a 10 percent tariff on Chinese imports over the country’s alleged complicity in the international smuggling of fentanyl, a deadly ...

The Hill - 5d

Europe’s car suppliers warn they will be unable to absorb Trump tariffs

US shares in Valeo and Forvia fall sharply amid uncertainty over protectionist measures

Financial Times - 5d

Trump warns tariffs will cause ‘a little disturbance’ in defiant speech

In address to Congress president doubles down on levies and insists he will ‘get’ Greenland

Financial Times - 11h

Trump’s tariffs take effect: What prices are set to increase?

President Donald Trump’s sweeping tariffs on imports from Canada, Mexico and China took effect at midnight. Reporting for TODAY, NBC’s Christine Romans says it’s only a matter of time until ...

NBC News - 1d

How will Trump address rising prices as new tariffs take form?

President Trump's tariffs on goods from Canada, Mexico and China are bound to increase prices for Americans. CBS News' Weijia Jiang reports as Mr. Trump prepares to address both chambers of Congress.

CBS News - 22h

Companies brace for price pressures as Trump tariffs start to bite

Manufacturing, retail and food sectors highlight coming shocks after duties on Canada, Mexico and China are imposed

Financial Times - 21h

How Trump's Canada and Mexico tariffs risk higher prices on cars

President Donald Trump’s decision to impose a 25% tariff on all imports coming into the U.S. from Canada and Mexico is expected to take a particular toll on the U.S. auto industry.

NBC News - 19h

China sets growth target around 5% despite threat from US tariffs

Beijing outlines fiscal spending plans amid lagging domestic consumption and mounting trade tensions

Financial Times - 12h

Best Hiking Boots (2025): Walking Shoes, Trails, Backpacking

From strenuous hikes and serious summits to weekend rambles in the park, these boots help you make the most of your time outdoors.

Wired - 1d

China likely to target US agriculture, state media reports, as Trump tariff deadline nears

Global Times signals Beijing’s likely countermeasure after US president threatened a further 10% duty to come into force on Tuesday. China is preparing countermeasures against fresh US import ...

The Guardian - 2d

Trump tariffs will raise gasoline and electricity prices in the U.S., Canada energy minister says

Canadian Energy Minister Jonathan Wilkinson said tariffs are a "lose, lose proposition" for the U.S. and Canada.

CNBC - 1d

What to know about home prices if you're looking to buy or sell

With spring selling season just around the corner, buyers may start to see a slight thaw of the real estate market. CBS News business analyst Jill Schlesinger explains.

CBS News - Feb. 25