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.

  • Joeffect@lemmy.world
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    8 days ago

    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…

    • jj4211@lemmy.world
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      8 days ago

      Well, that and these policies shift every few years. So if you try to embrace the ‘new normal’ it stops being normal in short order anyway.

      But in any event, it is a problem that the ostensibly “liberal” side ends of favoring making a labor class exempted from whatever rights and privileges have been granted to the legal labor class. It’s also a problem that the deportation is cruel to the immigrants. Unfortunately, we don’t have any policy in sight that is compassionate and empowering for those that do come to the country.