Food prices, namely produce items, are expected to go up in the coming days due to President Donald Trump’s tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday. Cornell told CNBC that Target “relies heavily on Mexican produce during the winter months,

President Donald Trump’s tariffs hike against Canada, China and Mexico are just starting to ripple through retail.

New tariffs are expected to cause food prices to rise in the coming days, especially on produce from Mexico, Target CEO Brian Cornell warned Tuesday. Why it matters: President Trump's long-promised tariffs on goods from Mexico and Canada went into effect Tuesday along with an additional 10% levy on Chinese imports.