Target has raised concerns that tariffs imposed by Donald Trump could negatively impact its profits. The retailer is evaluating the potential effects of the 25% tariffs on imports from Canada and Mexico, as well as 20% tariffs on goods from China. These measures are part of Trump’s strategy to address what he claims is the unacceptable flow of illegal drugs and immigrants into the US. However, the introduction of these tariffs has sparked fears of a trade war, leading to a decline in global stock markets. Analysts warn that US households may face increased prices, with potential ripple effects on consumers worldwide. The situation has prompted retaliatory tariffs from affected countries, further complicating international trade relations. — news from Financial Times
