Louisiana Families Brace for Impact: Trump Tariffs Spark Retail Price Hike

Prepare to see prices increase in store aisles again, as retail leaders begin sounding the alarm to their shoppers.

Target CEO Brian Cornell told CNBC that shoppers will start seeing prices shoot up within "days". Which are due to the tariffs being imposed on Mexican imports by President Donald Trump. While not specifics were provided on what the price hikes might look like at Target stores, big box retailers and grocery chains rely on Mexican imports heavily, which will now face a 25% tariff. So its possible that those goods on store shelves could increase as much as 25% as the tariffs these American importers will now face, will likely be passed directly onto the consumer.

Walmart, America's largest retailers, has also indicated to customers that they "won't be immune" to these tariff price hikes. Leadership at the company has used terms like "pressure" and "pain" to describe how these tariffs will impact US consumers.

During the recent Best Buy earnings call, CEO Corie Barry said price increases are "highly likely" due to the Trump tariffs. Barry added that these changes will impact the 2nd, 3rd, and 4th quarters for the company earnings.

These warnings create a challenge for President Trump, who vowed numerous times on the campaign trail to reduce grocery prices "on day one". He now has a stock market that has crashed over the last week, consumer confidence in freefall, and prices at America's largest retailers getting set to explode...all directly tied to decisions he has made. Economic leaders are warning that the current path of policy decisions is set to send the US economy down, as more than two-thirds of our economy is based on domestic consumer spending.