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. Target’s CEO said the price increases could happen a lot sooner than you think.

Target Corp. and Best Buy Co. warned consumers to expect higher prices as a direct result of the tariffs US President Donald Trump imposed on Mexico, Canada and China overnight.

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.

China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds. The target for GDP growth was announced Wednesday in a report being presented by Premier Li Qiang at the opening session of the National People's Congress,

China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds

China is confident about achieving its 2025 growth target, despite mounting external uncertainties and insufficient domestic demand, Zheng Shanjie, head of China's state planner, said during a news conference on Thursday.