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.
Might be better to just say fuck them they did it to themselves. There’s a severe amount of irony that the people that will be hurt worst by this were the most ardent supporters.
The day after the elections, the f****** idiots in my neighborhood were looking at stocks like they were going to tank the day of. I just want to print out the New York times from pre-World war II saying that stocks were going up on the premise that Hitler wasn’t going to do anything to awful.