How companies are responding to Trump's tariffs

Trump said automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks.

Potential price hikes, changes in sourcing locations and new U.S. plants are among the actions planned since Trump unveiled the tariffs and threatened potentially more levies.

HIGHER PRICES

* Best Buy warned of the possibility of higher prices for American shoppers. «The giant wildcard obviously is how the consumers are going to react to the price increases ...,» CFO Matt Bilunas said on a call with analysts.

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* Target also warned about potential price hikes as it depends on lots of vegetables and fruit from Mexico during winter, CEO Brian Cornell said. «But if there's a 25% tariff, those prices will go up… certainly over the next week,» he said.

SOURCING SHIFT

* Target will move more of its sourcing for its store brands, which include All in Motion and Cat & Jack, to countries in the Western Hemisphere like Guatemala and Honduras, and away from China where 30% of those products are made. It expects to further reduce that dependence to 25% next year.

* Kroger is working with its merchandising and sourcing teams to diversify the supplier base for some commodities in its fresh business, possibly shifting to geographies that will be less affected by the tariffs to keep prices low, CFO Todd Foley said on an earnings call.

* Costco executives said the retailer's so-called treasure hunt structure allows it to adjust its merchandise mix more easily than others, and possibly source products from countries that are not subject to tariffs. «With our flexibility, there are not many items we can't find something else to replace — or something