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.
Thank you bestbuy for making this statement after the election.
Not that it would’ve made any difference. I’m disgusted with my country.
Trump said himself that prices were going to go way up. There’s not anybody else out there that would have made a difference. When these idiots can’t afford to go to McDonald’s anymore, and they find they can’t get on disability they’re going to change their tune far too late.
No they will just blame everyone else. They will never learn.
Yeah Trump could litterally be holding a knife to their neck and they’d continue making excuses for him. If they were gonna learn, they would have by now.
The only policy these people have is taking down their perceived enemies.