Company officials explained during the first-quarter analyst call on Wednesday that the Minneapolis-based big-box chain had contingency plans in place.
This month, the Trump administration increased the tariffs on $200 billion in Chinese imports from 10% to 25% and has threatened to add a 25% tariff on the majority of the rest of the $325 billion of merchandise the U.S. imports from China.
Target "has been able to manage through last year's tariffs with minimal impact, and we have plans in place to mitigate the impact of additional tariffs already scheduled for next month," said CEO Brian Cornell. "As always, we remain focused on being priced competitively every day, delivering value for our guests while judiciously managing our margins.
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