this post was submitted on 26 Nov 2024
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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.

(page 2) 50 comments
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[–] Wytch@lemmy.cafe 2 points 1 year ago

Overheard today "Who really cares if prices go up, anyway?" unironically.

[–] theacharnian@lemmy.ca 2 points 1 year ago (1 children)

I bet you that the Right is going to performatively do to a few companies the kind of "don't you dare raise prices" bullying that the Democrats should have been doing when inflation had started spiking. And it's going to go down in history that the Right held corporations to account.

[–] pivot_root@lemmy.world 2 points 1 year ago

Public companies would sooner stop selling goods than eat those costs. Anything with a profit margin below 35% would just be taken off the shelves, and the rest of them would suffer in quality to claw back part of those lost profits.

[–] werefreeatlast@lemmy.world 1 points 1 year ago

Let me use this phrase in a different context:

Honey, did you "raise prices on consumer electronics" the front door?

[–] venusaur@lemmy.world 1 points 1 year ago

Yes AND everything “forces” companies to raise prices to consumers

[–] WhyFlip@lemmy.world 1 points 1 year ago

Fuck Best Buy and their 15 day return policy. I've been boycotting for two years now. They will file for bankruptcy, tariffs or not, before long.

[–] foggy@lemmy.world -5 points 1 year ago* (last edited 1 year ago)

Force it to rue into apartments?

Who tf goes to brick and mortar stores to buy electronics today?

I don't support trump here but like... Fuck best buy.

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