The CEOs of Target and Best Buy each said price increases are highly likely amid Trump's new tariffs on Canada, Mexico, and China.

Target relies on produce from Mexico during the winter, while Best Buy sources most of its products from Mexico and China.

It’s not going to be long before we start feeling the impact of Donald Trump’s tariffs on imports from Mexico, Canada, and China. Big Box stores including Target, Best Buy, and Walmart are already telling shoppers to brace for price increases that could start as soon as this week.

It won't be long until shoppers in Tennessee feel the economic pinch from the Trump administration's tariffs on Mexico and Canada. Here's what to know.

Target and Best Buy warned shoppers to expect higher prices as a result of President Donald Trump’s escalating trade war.

Target is facing a 40-day consumer boycott over the company’s shift away from diversity, equity and inclusion (DEI) policies.

Best Buy also echoed the price warnings on its own earnings call, telling investors that price increases are “highly likely” on the gadgets and appliances it sells, due to tariffs. China and Mexico are the top two sources of products for the company, Best Buy CEO Corie Barry said on Tuesday.

The heads of major retail companies are warning that their profits could be impacted by tariffs and that prices could rise, some as soon as this week.

Two of America’s largest retailers, Target and Best Buy, warned Tuesday that prices will increase following President Donald Trump’s tariffs on imported goods from Mexico, Canada and China. Target’s CEO said the price increases could happen a lot sooner than you think.

Target Corp. y Best Buy Co. advirtieron a sus clientes que esperen precios más altos como resultado directo de los aranceles que el presidente de EE.UU. Donald Trump impuso a México, Canadá y China.