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Fortune
Fortune
Sasha Rogelberg

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

Target Donald Trump Brian Cornell Scott Boatwright Chipotle John David Rainey CNBC Corie Barry Walmart Mexico
Brian Cornell, wearing a suit with a purple tie, gestures with both hands as he speaks. (Credit: Sarah Blesener/Bloomberg—Getty Images)
  • Target CEO Brian Cornell is the latest executive to warn how President Donald Trump’s tariffs implemented on Tuesday will impact consumers. While Walmart and Costco brass said the brunt of tariffs will be passed down to shoppers, Chipotle CEO Scott Boatwright said the burrito chain will hold off on raising prices for as long as possible.

Target CEO Brian Cornell has joined a long list of retail bosses warning consumers will be forced to pay higher prices on the tail of President Donald Trump’s steep tariffs on Mexico, Canada, and China.

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