Cornell told CNBC that Target “relies heavily on Mexican produce during the winter months, and the tariffs could force the company to raise prices on fruits and vegetables as soon as this week,” Gabrielle Fonrouge and Jacob Pramuk reported.

CEO Brian Cornell says that tariffs on imports from Mexico, Canada, and China could increase prices "over the next couple of days."

Automakers got a one-month exemption yesterday from the 25% tariffs on imports from Canada and Mexico—a glimmer of hope that sparked a Wall Street rally. But Target CEO Brian Cornell and other U.S. retailers say they could raise prices on fresh-food imports within days.

CEO Brian Cornell says supply chains are short for fresh fruits and vegetables, and the retailer is reliant on produce from Mexico during the winter.

President Trump’s 25% tariffs on imports from Canada and Mexico went into effect Tuesday, along with a heightened 20% levy on Chinese goods.

Trump finally on Tuesday slammed 25 percent tariffs on certain goods from Canada and Mexico and doubled the ... chair and chief executive officer Brian Cornell said the outlook was still uncertain.

Target CEO Brian Cornell warns that prices for fruits and vegetables will likely rise due to new tariffs, while Best Buy CEO Corey Berry anticipates eventual price increases for electronics.