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cover of episode Target CEO Brian Cornell & Commerce Secretary Howard Lutnick 3/4/25

Target CEO Brian Cornell & Commerce Secretary Howard Lutnick 3/4/25

2025/3/4
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The episode kicks off with discussions on the new tariffs imposed by President Trump on Canada and Mexico, which also affects China. The focus is on the potential economic impact and the broader implications for the U.S. market.
  • President Trump imposed 25% tariffs on imports from Canada and Mexico, and doubled tariffs on Chinese goods to 20%.
  • The tariffs are part of an effort to curb the flow of fentanyl into the U.S. and to bring manufacturing back stateside.
  • U.S. stocks experienced a downturn as the market adjusted to the new trade rules.
  • There is a focus on the long-term vision for 'fair' trade as outlined by the Trump administration.
  • Concerns were raised about the potential short-term economic impacts, including increased costs for retailers and consumers.

Shownotes Transcript

President Trump’s tariffs) on Mexico and Canada take effect) today. Target CEO Brian Cornell sits down with Becky Quick to discuss the impact they’ll have on his business and on price tags for consumers; Cornell warns, costs at checkout will likely go up, and soon. While U.S. stocks and investors waver on the new trade rules), U.S. Commerce Secretary Howard Lutnick explains the long term vision for “fair” trade, as well as the price the Trump administration is willing to pay to curb fentanyl’s flow into the country and bring more manufacturing stateside. Plus, President Trump has paused all U.S. military aid to Ukraine). 

 

Brian Cornell - 14:50

Howard Lutnick - 31:48

 

In this episode:

Becky Quick, @BeckyQuick)

Joe Kernen, @JoeSquawk)

Cameron Costa, @CameronCostaNY)