Some consumers have been stock piling food and other items for months in anticipation of prices going up due to Trump’s tariffs and other policies.
With 25 percent tariffs on Canada and Mexico and 10 percent on China, it will begin Saturday.
When I went grocery shopping this week, I bought extra nonperishable food, double the amount I usually buy.
Since household staples, electronics, and groceries could climb fast, Money Talks News, a consumer/personal finance news series, suggests the following:
- Auto prices could jump significantly.
- Consumer technology – laptops, tablets, and smartphones – could see unprecedented price increases if blanket tariffs and China-specific duties take effect.
- Furniture prices could rise sharply.
- Household appliance prices could increase by 19 to 31 percent.
- Shoes and footwear may cost more.
- Popular Mexican beer brands face price hikes.
It’s unknown when these price increases will hit consumers. If you need any items on this list, compare prices and see if you can make a purchase before prices skyrocket. As prices go up, you can adjust your shopping choices.
Other items that might increase in price are: books, carpet, paper products, fertilizer, cotton, wool, alcohol, bottled water, pet food, baby supplies, groceries, home improvement tools and materials, batteries, TVs, cleaning supplies, and personal hygiene products.
Good luck to us all. I’ll be doing some more stockpiling tomorrow.
