Best Buy says Trump's tariffs could force it to raise prices for consumers
Best Buy says Trump's tariffs could force it to raise prices for consumers
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.
Summary
Best Buy warned that Trump’s proposed tariffs on imports from China, Mexico, and Canada could raise prices on consumer electronics, as 60% of Best Buy’s inventory comes from China.
Trump plans to impose a baseline 10% tariff on all imports and a 60% tariff on Chinese goods to boost domestic manufacturing.
Retailers like Best Buy and industry groups like the Consumer Technology Association are preparing for supply chain disruptions by importing goods early or sourcing alternatives to avoid higher consumer prices.
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Yup and now even just that 25%/60%/+10% either.
https://nebula.tv/videos/legaleagle-trumps-tariffs-are-taxes-on-us-consumers/
Also remember that when Trump did the washing machine tariffs, not only did eating machine prices go up, dryer prices also went up because capitalism never misses an opportunity to fuck the consumer over.
not only did eating machine prices go up
I am an eating machine.
Damn you autocorrect!
And have you checked your value on the trafficking market lately? You're way overpriced!