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Best Buy says Trump's tariffs could force it to raise prices for consumers

www.cbsnews.com 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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#youvotedforthis
- Man, even the Trump "I did this" stickers will be too expensive
  
  Better stock up now.
  
  I've been considering ordering a bunch of these.
  
  Ah man, and I like red hats. Not MAGA, but just a nice fitted red hat. Another reason to not like the cult of 45.
  
  Cult 45
  
  Instead of colt 45
- Nah man its at most gonna go up 12%!
  
  - My Trump supporting uncle after he survived a 12 foot head first fall and changed to extreme opposite personality
  
  At least brain damage is an understandable reason for voting Trump. What's everyone else's excuse?
  
  For boomers it is lead poisoning from gasoline.
  
  Also lead in home paint.
  
  It's (at least part of) where the 'paint chip eater' meme/joke of boomers comes from.
  
  Millenial and gen x skewed Harris more than any other demographic.
  
  Gen X was the most trump voting generation. Gen X is people born with to 1980. They're between 44 and 59, the demographic that voted most heavily for Trump.
  
  Gen X is way smaller than both the Boomers and Millennials as a population. Even if they skewed heaviest toward DooDoo Donny of the three, I'm not sure their impact would be that important.
  
  They had the highest turnout, CNN's exit poll had them at 35% of voters while boomers, the next highest, were at 29%
  
  Is lead poisoning from all the lead in gas (before they were banned), a valid excuse?
  
  It is likely a contributing factor.

116 comments