President Donald Trump's tariffs are widening the gap between market-leader Walmart and Target, the companies' latest quarterly reports show, underscoring missteps at the smaller U.S. retailer amid economic uncertainty.

We were told Americans wouldn’t pay the price. From the start, the president promised that tariffs would punish foreign companies, not U.S. shoppers. But reality is cutting through the rhetoric. Amazon tried to raise prices and was quietly stopped by the White House.