Target Faces Price Pressures From Tariffs Amid Decline In Recent Foot Traffic At Stores

NEW YORK, NEW YORK - APRIL 02: People shop at a Target store on April 02, 2025 in the Flatbush neighborhood of the Brooklyn borough in New York City. Target stores continue to see a decline in sales for the eighth consecutive week, extending a streak that began after the company announced it would end its diversity, equity, and inclusion (DEI) program in late January. The company, also like Costco and Walmart, is putting pressure on its Chinese suppliers to absorb some of the costs of U.S tariffs. U.S. President Donald Trump is expected make an announcement for another round of new tariffs on most imports to the United States, which the president has dubbed “Liberation Day.” (Photo by Michael M. Santiago/Getty Images)