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.
Oh it’ll be a shit show, don’t worry. Imagine a car sold in the US that’s assembled in Mexico using parts manufactured in the US from metals mined in Canada, along with electronics from China. And that’s all within a single company’s supply chain. There will be tariffs on top of tariffs in the auto sector.