Best Buy says Trump tariffs could force it to raise consumer prices

Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.

Trump's proposed tariffs could raise prices for consumers and slow spending

President-elect Donald Trump has proposed stiff tariffs on imported goods, which could lead to higher prices and softer spending.

Business - CNBC - November 6

Trump's proposed tariffs could raise U.S. grocery prices, analysis finds

Donald Trump's proposed tariffs could raise costs for U.S. consumers, economists say. Here's how much grocery bills could rise.

Trump's proposed tariffs would raise prices for these products, experts say

“This will directly impact people’s pocketbooks,” one expert said.

Trump tariff plan could raise prices, blow up his own trade deal with Mexico, Canada

Trump's plan for tariffs against Canada and Mexico could dramatically raise prices for Americans and threaten a trade agreement negotiated by his own administration.

Elon Musk, Trump allies say his tariff plans could cause short-term pain for consumers

Donald Trump has proposed universal tariffs, which Vice President Kamala Harris attacked, calling the proposal a "Trump sales tax" on American consumers.

Business - CNBC - October 30

Walmart may have to raise some prices if Trump tariffs take effect, CFO says

The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.

Business - CNBC - November 19

Walmart will likely raise some prices if Trump tariffs take effect, CFO says

Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect.

Trump's tariffs could raise the cost of generic drugs in the U.S.

The cost of generic drugs for many people could go up if President-elect Donald Trump follows through on his promise to impose sweeping tariffs on products from China and other foreign countries, ...

Could Trump’s Tariffs Lead to Higher Prices? Here’s What to Know.

The president-elect says that tariff is “the most beautiful word in the dictionary.” You may be hearing it a lot.

Business - The New York Times - November 7

Donald Trump’s trade tariffs could cost US consumers $2,400 a year – business live

Rolling coverage of the latest ecoonomic and financial news. Trump vows tariffs on Mexico and Canada and deeper tariffs on China . The US president-elect’s social media post announcing 25% ...

World - The Guardian - 21 hours ago

Why economists think Trump’s immigration crackdown could hike prices on groceries, housing and day care

The president-elect’s mass-deportation plan could disrupt industries like agriculture and construction, experts say — potentially passing on higher costs to consumers.

Business - MarketWatch - 6 days ago

The markets could have the final say on Trump’s tax cuts and tariffs

Financial markets could wind up as the final arbiter about whether he has gone too far.

Politics - The Hill - November 15

Citadel's Ken Griffin says Trump's tariffs could lead to crony capitalism

"I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said.

Business - CNBC - 5 days ago

Trump tariff on China could lower global inflation, says UK economist

Bank of England’s Swati Dhingra says threatened 60% tariff could lead exporters to cut prices elsewhere. Donald Trump imposing massive US tariffs on Chinese imports could drag down global inflation ...

World - The Guardian - Yesterday

Trump's tariffs could trigger 'dramatic' price spikes on clothes, furniture, warns retail group

Vice President Kamala Harris has campaigned against Donald Trump's tariff proposals, calling them a sales tax on American consumers.

Business - CNBC - November 5

Will Trump’s tariffs cause price hikes in electronics? Here’s how his plans could lead to trouble in the semiconductor industry

The semiconductor industry could be facing some serious trouble next year, if President-elect Donald Trump follows through on some of his campaign promises.

Business - MarketWatch - November 16

The fruits and vegetables from Mexico that could see higher prices from Trump's tariffs

The U.S. imports approximately 60% of its fresh fruit and 40% of its fresh vegetables.

Walmart CFO says some prices might rise if Trump's tariffs take effect

A Walmart executive warned that President-elect Trump’s plans to raise tariffs on imports could drive the retail giant to increase the price of store items. “We never want to raise prices,” ...

Politics - The Hill - November 19

Trump tariffs on Canada would push up US petrol prices, say oil producers

President-elect’s threat could add 25% to the cost of crude from US’s biggest foreign supplier

World - Financial Times - 19 hours ago

Trump’s incoming ‘border czar’ promises secure southern US border as nations hit back at Trump’s tariff plan – live

Tom Homan visits Texas to talk about need for strong borders; US motorists could face higher gas prices if Trump imposes the tariffs he’s threatened . Trump’s talk of tariffs raises fears of hit ...

World - The Guardian - 12 hours ago

Best Buy cuts full-year sales forecast due to softer demand for consumer electronics

Best Buy is waiting for a wave of shoppers to replace old devices and upgrade to new, higher-tech ones after an approximately two-year sales slump.

Business - CNBC - 15 hours ago

Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'

Donald Trump unleashed China tariffs during his first term that essentially sparked a trade war after the country retaliated with its own U.S. import taxes

Business - CNBC - November 10

A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse

Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic

World - ABC News - November 13

Charts suggest market could weather Trump tariff increases, Jim Cramer says

CNBC's Jim Cramer on Tuesday reviewed market analysis by Jessica Inskip.

Business - CNBC - November 20

Trump says he's going to impose new tariffs: When could it impact your wallet?

Multiple companies have already said consumers could see higher prices — but how soon?

Politics - The Hill - 17 hours ago

Walmart Says It Will ‘Probably’ Raise Prices, and the Controversial Reason Is Eye-Opening

The question now is how business leaders should react and prepare – especially in the context of other early warning signs.

Business - Inc. - 4 days ago

Trump win and threat of more tariffs raises expectations for more China stimulus

Donald Trump's presidential win has raised the bar for Beijing's fiscal stimulus plans, expected Friday.

Business - CNBC - November 7

Top Biden adviser warns of ‘chaos’ if Trump raises tariffs and guts IRA

White House’s senior economy official says president-elect’s plans will hurt US manufacturing

World - Financial Times - 3 days ago

Trump’s talk of tariffs raises fears of hit to economies worldwide

Tariffs on Mexican, Canadian and Chinese goods threaten not just those nations but global economic growth. Trump vows tariffs on Mexico and Canada and deeper tariffs on China US politics – ...

World - The Guardian - Yesterday

Trump tariffs could cost UK £22bn of exports

The UK could face a £22bn hit to its exports if Donald Trump carries out his tariff threats, researchers say.

How could Trump's tariffs affect Americans?

Prices could go up for items brought into the U.S. from Mexico, China and Canada if President-elect Donald Trump keeps his promise to impose tariffs on several countries once he takes the White ...

Trump tariffs could hurt small business owners

President-elect Donald Trump has announced plans to place additional tariffs on goods imported from China, Mexico and Canada, the United States' three biggest trading partners. Some small business ...

Buying big-ticket items this Black Friday before Trump tariffs hit? What to buy — and what to skip.

It might be months before Trump’s tariffs are implemented — but some shoppers are already preparing for potential cost increases and shopping for deals with this in mind.

Business - MarketWatch - 18 hours ago

Businesses Ready Price Hikes on Imports to Offset Trump Tariff Costs

Many manufacturers and retailer relying on imports are already planning to pass on the added expenses from proposed protectionist duties to customers.

Business - Inc. - October 31

Trump's win could sharply raise the cost of electric vehicles. Here's why.

Americans looking to purchase EVs may want to do so quickly, as the incoming administration is likely to axe a $7,500 tax credit.

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