Author Topic: Target worker exposes MASSIVE tariff price hike for popular items: 'Kinda scared'  (Read 283 times)

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Offline mystery-ak

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EXCLUSIVETarget worker exposes MASSIVE tariff price hike for popular items: 'Kinda scared'

   
By BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM

Published: 00:20 EDT, 17 May 2025 | Updated: 23:28 EDT, 18 May 2025

For months, big retailers have been warning that prices will rise.

Now, thanks to insider information from Target workers, the extent of the raises are becoming apparent. Staff say it is just the beginning.

A $9.99 USB-C cord from the store's in-house Heyday brand is now ringing up at $17.99, according to a self-identified employee on Reddit.

'It's happening,' the worker wrote, sharing a photo of the price tag update. 'All of Heyday is going up.'

The spike — an 80 percent increase — is being blamed on the latest wave of tariffs linked to President Donald Trump's trade policies.

Target's price rises come after Walmart on Thursday confirmed that it is raising prices this month as a direct result of tariffs.

The Trump administration framed tariffs as a way to boost a sleepy domestic manufacturing industry by making foreign goods more expensive.

It is a shift from the traditional use of tariffs to protect already-growing industries. The goal in 2025 is to kickstart sectors that have seen little recent investment.

But for goods that rely on global supply chains — like electronics sold at Target — the effects are already showing up on store shelves.



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https://www.dailymail.co.uk/yourmoney/article-14707641/Target-employee-exposes-tariff-price-hike-popular-items.html
« Last Edit: May 19, 2025, 04:19:56 pm by mystery-ak »
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Offline DefiantMassRINO

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eBay, save my wallet, now.
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Online mountaineer

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I suspect Target, Walmart, et al., are raising prices on some items more (proportionately) than the tariffs might require. Just taking advantage, in other words.
Quote
Trump spares smartphones, computers, other electronics from China tariffs
By David Lawder and Jeff Mason
April 13, 20258:11 AM EDT
Reuters

    *Semiconductors, flat-panel displays excluded from reciprocal tariffs
    *Tech company CEOs embracing Trump in second administration
    *Trump's keeps 20% fentanyl-related tariffs on all Chinese imports
    *Latest tariff exclusions suggest growing awareness of consumer pain
    *Smartphones, laptops were largest US imports from China in 2024

WASHINGTON/WEST PALM BEACH, Florida, April 13 (Reuters) - U.S. President Donald Trump's administration granted exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China, providing a big break to tech firms like Apple that rely on imported products.

China said it was evaluating the impact of the exclusions. In a statement on Sunday, the Ministry of Commerce called the move a "small step by U.S. to correct its wrong practice of unilateral 'reciprocal tariffs'." ...
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Offline Wingnut

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Thrift stores.  Great deals to be found on all kinds of items.  Protip: Shop Goodwill LAST.
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