Major U.S. retailers that make up many go-to shopping destinations are sharing the impacts of President Donald Trump's elevated import tariffs. Big name brands like Target, Home Depot, Mattel, Best Buy and others are releasing their quarterly earnings reports along with some warning that prices may be going up because of tariff hikes.

Trump tells Walmart to ‘eat’ higher costs brought on by his trade approach as terms like ‘tariffs,’ ‘uncertainty’ and ‘recession’ are coming up more frequently in company earnings calls.