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.
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.
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).
- 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.
Don’t forget to throw mass Federal layoffs into the mix.
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.
It happened the last time Trump tried it. China slapped a tariff on an ag product, soy (iirc), China stopped buying, the government bailed out the farmers. Everyone lost except China.
Deport every? No one to work the jobs most refuse to do… Means food, housing, and other shortages which makes prices go up.
I agree with everything except this. If companies can’t find workers, it will force them to review the pay and benefit to attract people. If it still doesn’t work, the government will certainly allow immigrants to enter legally for those jobs.
Right now companies are employing immigrants with shitty pay and without any benefits. It is slavery.
In France many illegal immigrants are working in delivery jobs. People are not against doing those jobs but the conditions are shitty. So illegal immigrants are doing those because they don’t have a choice and maybe it is way better than in their original country. But that is exploitation and slavery.
It’s happened before in the construction industry very recently like the last time trump was president… I just can’t find anything on it… So I can’t really back this up…
But they couldn’t replace those workers last time it wasn’t even about paying people it was finding people who knew how to do those jobs because they were gone…
Remember people were told to go to college not to learn a trade… For the last 40 years at least… I lived through it and it fucked me over but that’s not the point…
They told Americans not to learn these jobs…
Oh you clearly haven’t met American conservatives. They’ve already done this a few times. It blows up in their face every time and now they want to do it nationally.
Could be even worse than that. If consumers stop spending in anticipation of the tariffs, starting the cycle even sooner
#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.
Cult 45
Instead of colt 45
Better stock up now.
Nah man its at most gonna go up 12%!
- My Trump supporting uncle after he survived a 12 foot head first fall and changed to extreme opposite personality
At least brain damage is an understandable reason for voting Trump. What’s everyone else’s excuse?
For boomers it is lead poisoning from gasoline.
Also lead in home paint.
It’s (at least part of) where the ‘paint chip eater’ meme/joke of boomers comes from.
Is lead poisoning from all the lead in gas (before they were banned), a valid excuse?
It is likely a contributing factor.
Millenial and gen x skewed Harris more than any other demographic.
Gen X was the most trump voting generation. Gen X is people born with to 1980. They’re between 44 and 59, the demographic that voted most heavily for Trump.
Gen X is way smaller than both the Boomers and Millennials as a population. Even if they skewed heaviest toward DooDoo Donny of the three, I’m not sure their impact would be that important.
Read all about it in this month’s issue of Duh.
I can only hope this also kills the ‘i am a youtuber/influencer, buy my astoundingly overpriced merch’ business.
New MrBeast video: “I Got Hunted By Border Patrol” or “First to smuggle my merch across the border wins $1,000,000”
Amazing how they didn’t say shit until after the election. Almost like they want to have their cake and eat it too.
Yes AND everything “forces” companies to raise prices to consumers
Best Buy still has customers?
It’s my go-to since I’ve stopped supporting Amazon
It’s unironically a really good place to buy consumer electronics, both online and in person. They’re still holding on, they’ve crawled out of the hole they put themselves in a decade ago.
Not sure about elsewhere but in Canada they’re also an online marketplace for sellers like Amazon.
I mean yea.
I wouldn’t trust a phone bought on Amazon.
Buying on official manufacturers website take a few days to arrive.
If someone, say broke their phone, they might need their new phone immediately.
Also, shipping stuff can get stolen in transit, or on the doorsteps.
You have points with the others, but why would you not trust a phone bought on Amazon? People are constantly buying phones from them. I’ve never heard any major “don’t buy a phone from Amazon” warning before.
Amazon combines inventory from every seller.
So if theres a third party selling a “Galaxy S24” and theres one thats “Sold By Amazon.com”
Both of these would be combined and stored in the same place.
When someones buys an “Galaxy S24” the amazon workers are just gonna pick one from the pile, you might end up getting one sold by the third party, who could be lying about the phone’s condition.
Edit: I mean you can search “Amazon Inventory Co-mingling” and see what I mean
In general, phones are tamper-sealed to ensure you’re buying a new phone. So this really doesn’t make sense to me.
Phones may have tamper-seals, but are not impossible to fake. There are already a lot o f fake sd cards in the same sealed package as a real sd card.
And if you get a phone with no tamper-seals or broken seals, then you’d have to contact amazon and hope they believe you. And unlike cheap items where they just willy nilly and refund you, they pay extra attention to expensive items since most return fraud happens with expensive items. If you get unlucky and they don’t believe you, you’re fucked. The amazon customer service is overworked and they aren’t gonna listen to your story again. And you can charge-back, but then you are banned from amazon.
If you buy from bestbuy in store, you can see the box is sealed, and bestbuy have almost 0% chance of fake seals, since its harder to even get a fake item in their supply chain. Also, Best Buy customer service in their stores generally are less overworked and have more downtime, so they are more willing to listen to your story. Customer service irl are more forgiving since they have to be face to face, so theres also a psychological factor that play in to your higher likelihood of getting an item returned.
“New” was never mentioned.
True, but you don’t go to Best Buy to buy a used phone since they don’t sell used phones, so I think that talking about buying a new phone on Amazon vs. a new phone at Best Buy is the fair comparison here.
The condition of the phone was mentioned, so yes. That’s… kinda the whole and only point here.
Cool.
Amazon silently resells used and returned products that are sometimes resold without any inspection. If you’re buying something expensive it’s better to go to the original manufacturer.
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.
Knock off electronics are a thing on Amazon.
And it’s unlikely that you will know that it’s counterfeit before your return window expires.
https://lifehacker.com/money/how-to-avoid-counterfeit-products-on-amazon
Would you automatically trust an SD card from Amazon?
I trust it as long as it’s a Samsung and their verification app passes. They have a Windows app that checks an SD card and authenticates that it’s a legit Samsung one.
I don’t even know what that means. If it was in its original packaging? Sure. Why wouldn’t I? Are they secretly repackaging virus-filled SD cards in like-new sealed plastic clamshells?
Go on youtube and search “Fake SD Card”
The packaging is near identical.
You have too much faith in society. There are scammers and fraudsters everywhere not just politics, but even in commerce.
Because the packaging and design on the card aren’t that hard to fake convincingly and amazon doesn’t care where the stock comes from it all goes in the bin so to speak. So if some really good fakes get in the shuffle you could get unlucky.
Their open box products are good value. Sometimes the product is still in perfect condition in its original packaging, but because a customer returned it, you can get it for 10% or 15% cheaper.
I still go to Best Buy for stuff sometimes!
my last cheap unlocked phone came from there.
a neighbor just bought one of their laptop specials this week. she hadn’t bought anything from bestbuy since her last one, though… in 2015.
That’s probably when I bought my laptop there lol I picked up my TV there last year as they carried an Insignia “dumb” TV.
Yup they price match online competitors too.
their brand Insignia is pretty good actually
Its nice if you need something immediately. Thats about the only time I buy from them, and o price match.
It functions as a good showroom to try the shit you can buy cheaper online
In my experience, their prices are the same as online stores, and in the case where their prices are higher, they price match.
Finally trickle down economics starts working /s
Imagine cars coming from Canada and Mexico, 25% more expensive, lol
Don’t forget china.
Buick and Volvo build a lot of their cars in China now.
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.
Thank you bestbuy for making this statement after the election.
Not that it would’ve made any difference. I’m disgusted with my country.
Trump said himself that prices were going to go way up. There’s not anybody else out there that would have made a difference. When these idiots can’t afford to go to McDonald’s anymore, and they find they can’t get on disability they’re going to change their tune far too late.
No they will just blame everyone else. They will never learn.
Yeah Trump could litterally be holding a knife to their neck and they’d continue making excuses for him. If they were gonna learn, they would have by now.
The only policy these people have is taking down their perceived enemies.
We are now in the “Find Out” stage of FAFO
Edit: Also, maybe the silver-lining of the tariff is people keeping their phone longer and not buy a new one every year.
Could??? Stop pussyfooting around and tell us that it will indeed cause you to raise prices.
Hahahaha fucking no shit. The tariffs will force everything up. The U.S. economy is going to get thoroughly fisted.
