Best Buy and Target CEOs say prices are about to go up because of tariffs

Sure miss the days where there wasn’t headline generating chaos from the White House resulting in market volatility. Make Government Boring Again.

Any bets on how this will be justified by Trump voters?<p>I&#x27;m thinking at first it&#x27;ll be &#x27;playing hardball negotiating tactic&#x27; and when it looks like the tariffs are here to stay &#x27;paying more is patriotic&#x27;.

What&#x27;s the impact here on inflation, by extension interest rates and funding available to startups?

other thing which may happen is that businesses would start to behave like the ones in say Russia and the likes - utilizing long opaque subsidiaries and shell corp chains, some being just a paperwork, to &quot;manage&quot; the tariffs . The double Dutch would look like a child play. Once such [quasi]corruption starts it would be pretty hard to wean companies off it if&#x2F;when things get back normal.

Who would have thought that increasing the price of goods will lead to higher prices?<p>I&#x27;m not necessarily against tariffs, but I think it&#x27;s idiotic to think that raising the price is going to somehow lower grocery prices.

I guess it&#x27;s time to print out those &quot;I did this!&quot; stickers of Trump and put them next to the price tags.

Honest question - can you not get these products from other stores or do all of them source products from Mexico and China? If so, it does seem like DOGE and other price saving initiatives will be closer to a net 0.

I don&#x27;t know if tariffs are the right answer but I want so much less Chinese junk in this country. We are absolutely overflowing with low quality junk.

I wish humans were better at coordination, or instead of &quot;social media&quot; people got addicted to social bargaining: because this would be the perfect time for a united consumer front, demanding that that big companies take more of a hit from their profit margin than from employee wages or raised prices. Threatening to starve out a company if it doesn&#x27;t implement these tariff increases in a more reasonable way than the entirety of capitalism history would be the only way to turn around the avalanche it has been

I&#x27;m no fan of tariffs, but oh please. Last time their prices went up because of COVID and because of supply chain disruptions. Now they are going up because of tariffs. All of their earnings calls are filled with analyses of their &quot;pricing power&quot; i.e. the degree to which they can pass on these costs to customers. But when the costs decline, they are happy to keep the prices inflated and pocket the profits.

Reminder to decouple from the US, because they’re gonna export this tariff (ie pass the cost) to the rest of the world.

But they&#x27;re already talking about walking it back or lowering them tomorrow (Wed).<p>All these stupid sky-is-falling headlines that become forgotten in a couple days when it&#x27;s on to the next outrage moment.<p>Like the whole Zelensky&#x2F;Trump white house blow up is like sitting in on couples therapy. The deal is off! No, it&#x27;s back on! It&#x27;s tiresome.<p>Edit: I&#x27;m not pro Trump or trying to defend the fuckery. I&#x27;m just sick of Trump headlines every day. But pls, do continue the down votes.

Right, like they are not going to take the opportunity to raise margins. I recall seeing the exact same windshield mounted phone holder for 25 USD at Best Buy and 1 USD at the dollar store. Prices are not only set based on percentual margins, they are also set based on what the consumer is ready to pay for perceived value.