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.

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[–] [email protected] 2 points 4 months ago (1 children)

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

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[–] [email protected] 74 points 4 months ago (6 children)
  1. Prices go up.
  2. People stop spending money.
  3. Revenue loss for companies.
  4. Mass layoffs.
  5. Job security concerns.
  6. People stop spending money.
  7. Go to (3)

Which part of that cycle was supposed to fix the cost of living problems again? Last I checked, those tariffs aren't going towards universal basic income or social services.

[–] [email protected] 14 points 4 months ago (9 children)

Everything he's planning is going to have negative effects on the economy...

Deport every? No one to work the jobs most refuse to do... Means food, housing, and other shortages which makes prices go up.

Tariffs? Make everything cost more and force companies to charge consumers.

Reduce education standards? Keep everyone dumb so they vote for us!!!!

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[–] [email protected] 7 points 4 months ago

Finally trickle down economics starts working /s

[–] [email protected] 18 points 4 months ago (1 children)

I can only hope this also kills the 'i am a youtuber/influencer, buy my astoundingly overpriced merch' business.

[–] [email protected] 13 points 4 months ago

New MrBeast video: "I Got Hunted By Border Patrol" or "First to smuggle my merch across the border wins $1,000,000"

[–] [email protected] -5 points 4 months ago* (last edited 4 months 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.

[–] [email protected] 2 points 4 months 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.

[–] [email protected] 2 points 4 months 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.

[–] [email protected] 40 points 4 months ago* (last edited 4 months ago)

Read all about it in this month’s issue of Duh.

[–] [email protected] 11 points 4 months ago

Could??? Stop pussyfooting around and tell us that it will indeed cause you to raise prices.

[–] [email protected] 15 points 4 months ago (1 children)

Thank you bestbuy for making this statement after the election.

Not that it would've made any difference. I'm disgusted with my country.

[–] [email protected] 11 points 4 months ago (1 children)

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.

[–] [email protected] 12 points 4 months ago (1 children)

No they will just blame everyone else. They will never learn.

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[–] [email protected] 12 points 4 months ago

"Could"

Goddamn it I'm sick and tired of these articles pussyfooting around the issue.

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