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.
$200k 🤣
It’s only funny to me because I’m around this level too and it’s not like, a shit load of money or anything. Sure, it’s a lot to a lot of people but throwing the number out is 🤬ing funny.
it actually objectively is a shitload of money to anyone who isn’t a millionaire. me and my partner together bring in quite a bit less than 100k a year and doubling that would change our lives forever. we might even have a hope of retiring.
No it really isn’t a big number but it’s well above the average these mouth breathers. I mean this was the first year I had to dial back my retirement accounts while I’ve been maxing out the past 5 years. So I dump $15k into my retirement instead of $23k because a bix of cereal cost $7.
FYI, I worked for a food distributor and was in meeting where they were talking about jacking up the prices during covid. PPE and essential with 150% above buy. Got told to kick rocks along with the ethics. Reported to the SEC with the paper trails and all with nothing ever happening. So to the fucking idiots in the back it’s not inflation it’s straight up greed and companies pushing the line as far as possible.