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

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