Shoppers Brace for Higher Prices as Trade War Tariffs Could Impact Retail [Video]

COLORADO SPRINGS — As President Donald Trump’s trade war continues, consumers may soon see rising prices on their store shelves.

Major retailers, including Target, Walmart, and Best Buy, have warned customers to expect price hikes due to tariffs imposed on imports from China, Mexico, and Canada.

News5’s Piper Vaughn explored how these tariff-driven price increases are affecting shoppers and what they can expect at the checkout counter.

Target’s CEO recently announced that the company may raise prices on fruits and vegetables, with additional items possibly following suit. Even Walmart, traditionally a top spot for budget-conscious shoppers, said that it won’t be “completely immune” to the federal import taxes.

Both Target and Best Buy have reported their earnings following the latest tariffs, which immediately prompted retaliatory tariffs from China, Canada, and Mexico. Retailers are grappling with the increased costs, and those hikes are now being passed on to consumers.

In an …