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.
Cool, don’t need to buy a new phone. Corps squeezed and squeezed and learned about price elasticity this year and miraculously reduced prices a miniscule amount. I ain’t paying $15 for a Macdonalds burger and if they think we’ll pay $2k for a phone then they’re in for another shit year.
This is still going to affect you. A lot. It’s not just electronics going up. Where do you think the coffee comes from? Chocolate? We make so much and basically nothing at the same time
I mean, my household income is $200k, I can liquidate, and buy citizenship for me and my wife to several countries. I tried but good luck to the dumb fucks that think capital gains tax will effect your $35k a year.
“My household income is $200k” so basically, fuck you, I’ve got mine
The classic.
I mean, I was raised by a single mother, constant poverty, sleeping in my car in my 20s, went to school in my 30s and tripled my income.
You missed the thing where I was part of the Democrat party trying to convince dipshits to vote for their interests. Now, the leopards will feed, and I’ll be fine.
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.
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$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.