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.
#youvotedforthis
Man, even the Trump “I did this” stickers will be too expensive
I’ve been considering ordering a bunch of these.
Ah man, and I like red hats. Not MAGA, but just a nice fitted red hat. Another reason to not like the cult of 45.
- Prices go up.
- People stop spending money.
- Revenue loss for companies.
- Mass layoffs.
- Job security concerns.
- People stop spending money.
- 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.
The part where the monopolies buy up even more of the economy and we all get issued life subscription plans because they can cover everything from our housing to our groceries to our jobs. Don’t worry, your WaLife Plan^tm is tailored to be affordable for your Cashier position.
Don’t worry, your WaLife Plan™ is tailored to be affordable for your Cashier position.
I can’t be arsed to actually make the meme, so here’s a transcript:
[Drake meme]
Top-left panel: Drake looking away in disgust.
Top-right panel: Cyberpunk 2077Bottom-left panel: Drake looking pleased.
Bottom-right panel: America 2025
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!!!
Tariffs can also backfire like with China and their retaliatory tariffs . Some US companies rely on exports for a large part of their business.
Deport every? No one to work the jobs most refuse to do… Means food, housing, and other shortages which makes prices go up.
This one kind of makes me a bit sad about the two prevailing sentiments:
-
Heartless separation of families and forcing immigrants back into dangerous situations, frankly in the name of pursuing an ethnic purity/superiority.
-
Maintain an illegal labor class of folks constantly under threat of deportation so they have fewer rights and higher fear to exercise the rights they do have, so they can be cheap and abused labor.
The “grant these people legal standing” seems to never be a persistent stance. Closest we got was DACA, and even that was pretty limited. No one dares threaten giving the cheap labor any leverage.
-
Don’t forget to throw mass Federal layoffs into the mix.
- 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
Could be even worse than that. If consumers stop spending in anticipation of the tariffs, starting the cycle even sooner
It WILL raise prices and it will raise prices by more than whatever percentage the tariffs are set at because as we all saw from the recent greedflation, businesses will use any excuse to raise prices as much as possible, particularly in industries dominated by an oligopoly (which is most of them).
Greedflation worked because the consumer could absorb price increases to a certain extent after Covid.
While greedflation will be a factor this time around. I don’t think it will be as prominent as it was post covid. The consumer is tapped out and is just not buying anymore. People are not going to buy electronics at 60% or higher prices. They will go cheap or just do without.
Trump is either using the threat of tariffs as a negotiating tactic to get something out of our trade partners or Trump will repeat history and be like Hoover. We’ll have a stock market drop, rampant stagflation and a Recession / Depression on his watch.
At least in some circles, it was ok that the customers were tapped out and not buying anymore, at least not at the same volumes.
A fair number of businesses figured out that the math works better if most people couldn’t afford their product but at least some could at the higher prices. In one extreme example I recall a leaked presentation for a company that determined they could raise prices by 10 fold and still retain 10% of their customers, and that was a win because it’s cheaper to deal with a smaller customer base in their case.
I know before the pandemic in my company, there was a long standing argument about whether it was better to be high volume low margin or high margin low volume. COVID forced the company to go with the high margin strategy and they decided the high margin people were right for a while. Then competitive pressures came in and proved the high volume people right, that someone in a competitive industry will make the high volume play and they will win if you don’t also do high volume.
So if tariffs reduce the likelihood of one of the high-volume strategy companies participating, the remaining may gleefully go to high-margin and say forget about the masses, that’s not where the money is.
Basically every shop will have to raise prices then. Even a farm shop selling only their own produce, as their own production costs will definitely rise.
Yup and now even just that 25%/60%/+10% either.
https://nebula.tv/videos/legaleagle-trumps-tariffs-are-taxes-on-us-consumers/
Also remember that when Trump did the washing machine tariffs, not only did eating machine prices go up, dryer prices also went up because capitalism never misses an opportunity to fuck the consumer over.
not only did eating machine prices go up
I am an eating machine.
Damn you autocorrect!
And have you checked your value on the trafficking market lately? You’re way overpriced!
Honestly, bring on the bullshit. I’m so sick of these maga idiots so I can’t wait to see how this will affect them and what they voted for.
They will learn nothing because they are incapable of understanding
No, they will learn nothing because Fox News, X and right wing propaganda they listen to is very effective at shifting blame or brushing problems under the rug.
If we want to change their minds we need to pierce their information bubble that insulates them from their decisions.
Best Buy still has customers?
Yup they price match online competitors too.
their brand Insignia is pretty good actually
It functions as a good showroom to try the shit you can buy cheaper online
Thank you bestbuy for making this statement after the election.
Not that it would’ve made any difference. I’m disgusted with my country.
Imagine cars coming from Canada and Mexico, 25% more expensive, lol
Hahahaha fucking no shit. The tariffs will force everything up. The U.S. economy is going to get thoroughly fisted.
Could??? Stop pussyfooting around and tell us that it will indeed cause you to raise prices.
Fuck Best Buy and their 15 day return policy. I’ve been boycotting for two years now. They will file for bankruptcy, tariffs or not, before long.
Let me use this phrase in a different context:
Honey, did you “raise prices on consumer electronics” the front door?
Yes AND everything “forces” companies to raise prices to consumers
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.
