Best Buy CEO shares warning on imports, tariffs
Prices for electronics are going to get higher, but how high remains a big question.
Americans have spent the past few months agonizing over the price of eggs. Yes, for a variety of reasons, including bird flu, the price of eggs has doubled.
That being said, you can find a dozen eggs for under $5 in most grocery stores. If you join a warehouse club like Costco or Sam’s Club, you might even be able to get a better deal.
It’s easy to understand why people do not like seeing the price of everyday staples go up. In reality, however, most families probably eat no more than a couple of dozen eggs a week.
If they eat the full two dozen, let’s say that their expenses increase by basically five dollars per week. That’s $260 a year.
Admittedly, eggs are not the only staple that has increased in price, which is causing many Americans to feel the pinch of inflation and higher prices.
Spending more at the grocery store each week is death by 1,000 paper cuts, which is a painful way to die.
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But if you suffer one giant cut, the reality is you’re just as dead. Americans have some options to buy food produced in this country that won’t be impacted by tariffs.
Certain staples like coffee will almost certainly increase, but even there, there are options, at least if all you want is a caffeine fix. When it comes to electronics, there are no options.
You can’t get an iPhone, a laptop, a television, or most appliances that come from U.S. manufacturers. And admittedly, unlike running out of eggs, you can put off upgrading your phone or buying a new television.
