Target announced that it would lower prices on 5,000 "frequently shopped" items in its stores nationwide, the company said in a press release. Those items include milk, meat, bread, soda ...

Target joins other retailers and other major businesses moving to slash prices as inflation-weary consumers grow thriftier.

Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation cuts into household budgets and more Americans pay closer attention to their spending.

Major chains are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.