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.
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.