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

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.

With companies scrambling to adjust their strategies and the market reacting with stock drops, the uncertainty about the real impact of these measures keeps growing.

Trump's tariffs are expected to cause price increases since both China and Mexico are major producers of products that end up in Best Buy, the retailer's CEO says.

Best Buy beat Wall Street's fourth-quarter earnings and revenue estimates as the company's computing and phone sales increased.

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.

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.

Wall Street investors, retail executives and economic analysts are sounding growing alarms that the new administration’s trade policies could pinch shoppers and the economy.

As tariffs on imports from Canada, Mexico, and China loom, shoppers at Target and Best Buy may soon face higher prices. Executives from both retail giants have warned that these increases could happen sooner than expected,

Cornell told CNBC that Target “relies heavily on Mexican produce during the winter months, and the tariffs could force the company to raise prices on fruits and vegetables as soon as this week,” Gabrielle Fonrouge and Jacob Pramuk reported.