Best Buy CEO warns tariffs on Chinese and Mexican imports could raise prices for consumers.

Best Buy's CEO, Corie Barry, warns that proposed tariffs on imports from China and Mexico could lead to higher prices for customers. Around 60% of Best Buy’s products come from China, and with potential tariffs of up to 10% on Chinese goods and 25% on Mexican items, the cost to consumers could significantly increase. Industry experts agree that such tariffs would likely raise the prices of everyday electronics.

November 26, 2024
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