Best Buy CEO says higher costs from tariffs would mean higher prices for shoppers
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Best Buy is preparing for potential price increases due to proposed tariffs on imports from China and Mexico. CEO Corie Barry highlighted the significant impact on consumer electronics, which are largely imported.
November 26, 2024 | 6:00 pm
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Best Buy is anticipating higher costs and potential price increases due to proposed tariffs on imports from China and Mexico, which could affect consumer electronics prices.
The proposed tariffs on imports from China and Mexico could lead to increased costs for Best Buy, as a significant portion of consumer electronics are imported. This may result in higher prices for consumers, potentially affecting sales and profit margins.
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