Target CEO joins swarm of Fortune 500 executives warning of bigger bills as Trump's tariff fallout hits the grocery aisle

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Target CEO joins swarm of Fortune 500 executives warning of bigger bills as Trump's tariff fallout hits the grocery aisle

^{Published on 2025-03-04 19:21:07 - Fortune}

Target shoppers can expect to see price increases on produce "over the next couple of days," boss Brian Cornell said on Tuesday.

The article from MSN discusses how Target CEO Brian Cornell has joined other Fortune 500 executives in warning about the potential increase in consumer prices due to former President Donald Trump's proposed tariffs. These tariffs, if implemented, could significantly affect everyday grocery items, leading to higher costs for consumers. The article highlights that the proposed tariffs on imports, particularly from China, would not only raise the price of goods but also complicate supply chains and increase operational costs for retailers. This comes at a time when inflation is already a concern, and the additional costs could exacerbate economic pressures on American households. The piece also mentions that other CEOs have echoed similar concerns, indicating a broad consensus among business leaders about the adverse economic impacts of these tariffs.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/companies/target-ceo-joins-swarm-of-fortune-500-executives-warning-of-bigger-bills-as-trump-s-tariff-fallout-hits-the-grocery-aisle/ar-AA1AfidC ]

Contributing Sources

Fortune

N@N

Target CEO joins swarm of Fortune 500 executives warning of bigger bills as Trump's tariff fallout hits the grocery aisle