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GameStop’s CEO celebrated Trump’s victory and stock has been climbing ever since
(www.independent.co.uk)
this post was submitted on 12 Nov 2024
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I wonder what GameStop's CEO will think when he's going to have to pay all those high import tariffs on Nintendo, Sony and other products...
They'll do the same thing big restaurant chains did where they couldn't pay their tipped employees less than minimum wage anymore. They'll add a new "service charge" so they don't have to increase the product price directly. They'll make it much higher than the actual tariff costs, but say "hey look we're not charging you a full 20% more." Even though the tariff isn't 20% of the retail price but people who support the tariffs are dumb and will think they're doing good.
People need to eat. They don't need chain food, but many people don't have time to cook these days.
People don't need to buy games.
It will always be a different market for food than it is for games.
OK, then look at cable TV. Or any other industry where a tax or regulatory fee was added and a customer gets a detailed bill with charges other than the product cost. They just add line items and pass it on, but of course most of the time those line items aren't directly connected to the cost itself since the consumer wasn't the direct target. So the companies add a little extra for "processing" (i.e. profit). It's a common practice and likely to be the same with the tariffs.