Target warns Trump’s tariffs could cut into profits
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Target’s stock reverses lower as tariff talk overshadows upbeat profit outlook
Target’s profit will be pressured in the first quarter due to tariff uncertainty and bad weather, but will then see improvement the rest of the yearMarketWatch - 1h -
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 - 1h -
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 - 3h -
How Trump’s tariffs and tax cuts could leave the Fed unable to do its job
Trump is moving fast and breaking things. That’s creating more chaos than progress.MarketWatch - 3h -
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 partnersFinancial Times - 4d -
Social Security workers warn job cuts could hurt service for Americans
"We are already short-staffed as it is,"one Social Security Administration employee said of the agency's plans to slash its workforce.CBS News - 3d -
Trump Announces Inquiry That Could Lead to Tariffs on Copper
Tariffs, if they are imposed, could boost U.S. production of a valuable resource but also raise costs for automakers, construction companies and others.The New York Times - 6d -
FirstFT: Trump says UK could be spared tariffs
Also in today’s newsletter, Citi sends client $81tn in ‘near miss’ and Mexico extradites prisoners to the USFinancial Times - 4d
More from Financial Times
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Israel threatens to cut water and electricity in renewed Gaza siege
Military closes border and blocks aid as it pressures Hamas to accept revised ceasefire proposalFinancial Times - 18m -
‘Enormous’ hit for automotive sector from tariffs, part maker Forvia predicts
Supplier to key brands projects range of up to €450mn annually from levies on Mexico and CanadaFinancial Times - 18m -
Investors dare to imagine a world beyond the dollar
The US could dismantle its own exorbitant privilege by pushing the big bond market beasts into the arms of othersFinancial Times - 19m -
Serbian lawmakers hospitalised after flares go up inside parliament
Ruling party MPs, including eight-months-pregnant politician, injured as anti-government protest turns violentFinancial Times - 27m -
Hong Kong targets creation of rival to Euroclear
Authorities explore new Asian settlement house to boost global use of renminbiFinancial Times - 39m
More in World
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Live Updates: Markets Fall After New Trump Tariffs Prompt Retaliation
China and Canada immediately announced retaliatory tariffs, and Mexico said it would announce its own measures on Sunday. The responses escalated a trade war that has rattled the globe.The New York Times - 15m -
Israel threatens to cut water and electricity in renewed Gaza siege
Military closes border and blocks aid as it pressures Hamas to accept revised ceasefire proposalFinancial Times - 18m -
‘Enormous’ hit for automotive sector from tariffs, part maker Forvia predicts
Supplier to key brands projects range of up to €450mn annually from levies on Mexico and CanadaFinancial Times - 18m -
Tesla China shipments tumble, the latest sign of weakening demand
Yahoo News - 19m -
Investors dare to imagine a world beyond the dollar
The US could dismantle its own exorbitant privilege by pushing the big bond market beasts into the arms of othersFinancial Times - 19m