Let’s be real honest, long-term, a 25 percent tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen,’ Ford CEO says

The burrito purveyor is largely insulated from many of the costs stemming from the tariffs President Donald Trump has proposed.

Some businesses are already telling consumers they should expect price increases from the tariffs, while others are using it as opportunity.

It won't be long until shoppers in Tennessee feel the economic pinch from the Trump administration's tariffs on Mexico and Canada. Here's what to know.

Sales and profits slipped for Minneapolis-based Target​ during the crucial holiday quarter as customers held back on spending and the company said there will be "meaningful pressure" on its profits to start the year because of tariffs​ and other costs.

Retailers from auto shops to athletic brands have indicated that tariff costs will likely be passed on to the consumer. Target and Best Buy, two of the country’s largest retail chains, warned their prices will increase after President Donald Trump’s 25% tariffs on goods from Mexico and Canada went into effect on Tuesday,

Daraius Irani is the chief economist at the Regional Economics Studies Institute at Towson University and has more on how the tariffs will impact people in Maryland. "A tariff is like a sales tax, many of you go to the department store or grocery store and you pay a sales tax.

The longer the tariffs stick, the more damage they can do, forcing companies to eat higher costs or pass them along to inflation-weary consumers.

Target said it's going to have to raise prices on fruit and other goods imported from Mexico. Photo: Mario Tama/