Impact of Tariffs on Retail Prices
Big retailers like Target are raising prices due to tariffs linked to President Donald Trump's trade policies, with a $9.99 USB-C cord now priced at $17.99, marking an 80% increase. Other retailers like Walmart are also increasing prices. Executives warn of broader consumer impact ahead.
Key Points
- Retailers like Target and Walmart are raising prices due to tariffs linked to President Trump's trade policies
- Consumers are already feeling the impact with price increases on various products
- Executives warn of broader impacts on consumer wallets in the future