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Best Buy says Trump's tariffs could force it to raise prices for consumers

The article from CBS News discusses the impact of President Trump's proposed tariffs on consumer electronics, particularly focusing on how these tariffs could affect prices at retailers like Best Buy. The tariffs, which target goods from China, Mexico, and Canada, could lead to higher prices for a range of products including TVs, smartphones, and other electronics. Best Buy's CEO, Hubert Joly, expressed concerns that these tariffs would increase costs for consumers, potentially slowing down sales. The article highlights that while some products might see price hikes, the exact impact would depend on various factors including the ability of companies to absorb costs or find alternative sourcing. Additionally, there's mention of the broader economic implications, with fears that retaliatory tariffs from other countries could further complicate trade relations and affect the U.S. economy.

Read the Full CBS News Article at [ https://www.cbsnews.com/news/trump-tariffs-canada-mexico-china-best-buy-consumer-electronics-prices/ ]