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.

  • Flying Squid@lemmy.world
    111·
    27 days ago

    I have never bought a phone from them, but every time I have had an issue with a product I have bought from Amazon, I either can return it for a refund or they refund me and I don’t even have to return it.

    I mean fuck Amazon for any number of reasons, but this is just not an issue I have heard about a lot of people having with phones bought from Amazon.