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

Shoppers will likely see prices start to increase in the coming days on their grocery bills, Target Chief Executive Brian Cornell said Tuesday. Target depends on fresh produce from Mexico during the winter months.

Target CEO Brian Cornell also said tariffs on Mexico, Canada and China would put “meaningful pressure” on the company's profits.

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.

Target and Best Buy warned consumers to expect higher prices as a direct result of the tariffs US President Donald Trump imposed on Mexico, Canada and China overnight. Target Chief Executive Brian Cornell said its shoppers would likely see price hikes in its stores “over the next couple of days,

Key Takeaways Tariffs imposed Tuesday on imports from Canada and Mexico could result in higher prices for produce at Target within a week, CEO Brian Cornell said.Target will try to shield consumers from price increases,

Target shoppers can expect to see price increases on produce “over the next couple of days,” boss Brian Cornell said on Tuesday.

Target relies on produce from Mexico during the winter, while Best Buy sources most of its products from Mexico and China.

Companies big and small will face higher costs on the goods they buy from other countries — and, may have little recourse but to hike prices themselves.