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

  • dogslayeggs@lemmy.world
    2·
    25 days ago

    I mean, I’ve been boycotting Amazon since 1999, so it isn’t like I’m buying anything from them. But I really wouldn’t trust any complicated/expensive electronic component from them outside of the Kindle, since that is their own product. It is too easy for Chinese companies to dupe these days.