Tariffs to spike prices on produce, electronics, gas and toys — with some hikes this week

Shoppers can expect to see higher prices at the checkout counter – on goods ranging from avocados to computers to Tonka trucks – with some hikes from the new tariffs coming as early as the end of the week, business leaders warned.

Target CEO Brian Cornell was among the first to raise the alarm after the Trump administration on Tuesday levied 25% duties on products from Canada and Mexico, as well as doubling the toll on China to 20%.

Cornell said Target relies heavily on Mexican produce during the winter months, and the tariffs could force the company to immediately raise prices on fruits and vegetables.

“Those are categories where we’ll try to protect pricing, but the consumer will likely see price increases over the next couple of days,” Cornell told CNBC in an interview after Target released its fourth-quarter earnings.
“If there’s a 25% tariff, those prices will go up.”

Gas prices in the Northeast, a region that relies heavily on Canadian shipments of gasoline, heating oil and diesel, could soon jump by up to 40 cents a gallon, experts said.

Tariffs to spike prices on produce, electronics, gas and toys — with some hikes this week

Target CEO Brian Cornell was among the first to raise the alarm after the Trump administration on Tuesday levied 25% duties on products from Canada and Mexico, as well as doubling the toll on China…

nypost.com

 

[Tall Timbers]

Buyers need to source different suppliers where possible.

 

[Ghoti Ichthus]

It's March, so US produce is already/will be in stores soon.

The extremely cold snaps in some places this winter will help us have a bumper berry crop (and some other fruit)

One of my siblings doesn't like and won't eat veggies, so unaffected by produce prices

 

[mattfivefour]

Relatively short-term pain, for long-term gain. I can live with it.

 

[Cheeky200386]

Relatively short-term pain, for long-term gain. I can live with it.

Same here! We need to experience some short term struggle to see a course correction of decades of awful economic and government choices.

 

[Baby Yoda]

Same here! We need to experience some short term struggle to see a course correction of decades of awful economic and government choices.

Agree. The only prices I had hoped we'd see immediate downturn in was gas at the pump, since the pipeline was reopened. But I have heard they drained reserves last admin and that has to be refilled first. So who knows.

 

[Ghoti Ichthus]

But I have heard they drained reserves last admin and that has to be refilled first. So who knows.

and what catastrophe would have happened if there had been an actual national emergency?!!!

Farmers not getting crops planted, tended to, harvested, and to market . . . we could have actually seen a GIANT FUNDAMENTAL PROBLEM, and maybe even actual starvation some places (to say nothing of the food riots that would have killed thousands or maybe millions, and horrible property destruction)

Coal, natural gas, and propane not delivered . . . brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!

No fuel for to get to mundane, everyday emergencies, like house fires, gas leaks, heart attacks, mental illness crises, lost children, and home invasions

No fuel for snow plows, road graders, dump trucks, utility trucks, etc. to maintain and repair infrastructure . . .

No fuel for industry or power generation . . .





There's a reason why it's called the STRATEGIC oil reserve

Keeping one party or another in power seems like such a petty, frivolous, wasteful, and unwarranted use

OTOH, if it avoided disastrous inflation (far worse than what we had), had we refilled as we used and told people the truth when asking everyone to conserve/reduce use/avoid unnecessary trips and combine trips, carpool, use mass transit when possible, etc. that might have been OK.