Tariffs threaten bargain land
The retailer warned that tariffs promised by the President-elect Donald Trump (up to 100% on all Chinese goods and up to 20% for all other countries) might make its products less affordable, as the company would have to pass on some extra costs to customers.
S: Morning Brew
TARIFFS WILL BE USED BY CAPITALIST TO GOUGE CUSTOMERS...It's their business model.
While shopping for recliner, my son reminded me, “Don’t wait. Trump’s tariffs are gonna raise the price of everything. Including these Lay z boys chairs”
He’s right.
Prices are gonna soar.
@PurpleDragon @LnzyHou @Madken65
Oh! I had not even thought about how much phones will cost if we have trade wars with China. Almost all the cell phone components are made in China.
My perfectly serviceable I-phone 12 plus is in great shape but it’s 6 years old. Perhaps I should upgrade and keep this phone as a backup.
@evamarie @PurpleDragon @LnzyHou @Madken65 Maybe it is time to get off the Chinese-made Iphones and onto a Korean-made Samsung? 😀
"It may surprise you that no Samsung phone is made in China. The company closed its last factory in the People's Republic in 2019 due to a shrinking market share."
