By Savyata Mishra (Reuters) -Best Buy warned of the possibility of higher prices for American shoppers as President Donald Trump's new duties came into force on Tuesday, setting the stock for its worst day in nearly five years with a 15% plunge.

The stock had briefly knee-jerked higher after earnings were released, but quickly gave up gains. The selloff intensified after Chief Executive Corie Barry told analysts on the earnings call that tariffs imposed by the administration of President Donald Trump “make price increases for American consumers highly likely.”

Consumer-electronics retailer Best Buy has taken a stab at estimating how much tariffs could hit sales. The news isn't good. If the 10% tariffs on China that began in February remain in place all year,

The stock’s close below its 20-month moving average is its first since May of 2024, but resembles the shift into a bear market in early 2022 very closely. That bear market resulted in a drop of 38% from Best Buy stock over a ten-month period.

Target Corp. y Best Buy Co. advirtieron a sus clientes que esperen precios más altos como resultado directo de los aranceles que el presidente de EE.UU. Donald Trump impuso a México, Canadá y China.

Best Buy Co Inc (NYSE:BBY) shares are trading lower in premarket on Tuesday. The company reported a fourth-quarter sales decline of 4.8% year-on-year to $13.948 billion, beating the analyst consensus estimate of $13.

The company announced its board of directors approved a 1% increase in the regular quarterly dividend to 95c per share. The regular quarterly