Target's CEO says retail industry will fight negative impact of tariffs

The U.S. retail industry will try to fight the negative impact of tariffs on Chinese and other imports the same way it fought and defeated a border-adjustment tax proposed by President Donald Trump that would have led to higher costs for imported goods, Target CEO Brian Cornell said Tuesday.

“We’re trying to make sure people understand the implications [of tariffs] as we did with the border-adjustment tax,” Cornell told the Star Tribune in an interview shortly before he spoke at a Capitol Hill reception hosted by the Economic Club of Minnesota. “We really want to make sure we’re getting those messages out.”

http://www.startribune.com/target-s-ceo-says-retail-industry-will-fight-negative-impact-of-tariffs/485983422/