Best Buy CEO warns tariffs could raise gadget prices

Best Buy CEO Hubert Joly has warned that consumers are likely to be hit by price increases as a result of the Trump administration’s proposed round tariffs reports Reuters. “The impact of tariffs at 25% will result in price increases and will be felt by U.S. consumers,” the CEO said on today’s earnings call.The comments have come just over a month before a public hearing is due to take place on June 17th, in which the 3,805 products that will be affected by tariffs of up