Retail News

Best Buy and Target oppose border tariffs

Minnesota Public Radio 01/31/2017

Best Buy sent a flyer to lawmakers to let them know that a proposed 20 percent tariff on imports could turn the company’s annual net income of $1 billion into a $2 billion loss. Target CEO Brian Cornell met with lawmakers in Washington, D.C. to tell them that an import tax could affect the ability of consumers to purchase essential items such as baby supplies.

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