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.
- Democrats get elected next major election
- Start fixing the problem
- People get frustrated with how long it takes
- Things start getting better as Republicans get voted in again
- Republicans take credit
- Republicans start ruining things again
- Republicans blame socialism
- Go back to 1