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Stock impact report

Retailers tell consumers that Trump tariffs are a reason to shop now [CBS News]

Best Buy Co., Inc. (BBY) 
Last best buy co., inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: CBS News
It's yet another sales tactic some companies are implementing, in addition to the traditional Black Friday discounts, to get consumers to spend as much as possible ahead of the holidays. On Monday, Trump pledged to add a 25% tariff on all products from Mexico and Canada , along with a 10% levy on Chinese goods, in an effort to crack down on illegal immigration and illicit drugs flowing into the U.S. The proposed taxes are in addition to earlier campaign promises to impose a baseline 10% tariff on all U.S. imports and a 60% tariff on goods shipped from China, once he takes office. While prices on variety of goods , ranging from shoes to vacuum cleaners, could indeed rise if Trump moves forward with his tariff proposals, some retail experts say that retailers may be seeking to tap into people's universal fear of missing out on a limited-time offer or experience. But the tactic could also rub some shoppers the wrong way, experts caution. "It's a double-edged sword. I think it it m Show less Read more
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