US shoppers are being urged to stock up on essential items before prices skyrocket due to President Trump’s recent tariffs announcements. The 47th US president introduced a 10% ‘baseline’ tax on imports from around the world, with higher rates for certain countries.
Countries affected by high custom tariffs include Japan, South Africa, and Vietnam. The new tariffs will increase the cost of everyday items like bananas and avocados, which are imported from overseas nations.
Experts warn that American shoppers should act quickly to purchase these items as prices may rise significantly. A list of essential items includes cars, furniture, washers, dryers, clothes, and toys.
The introduction of these tariffs comes at a time when the global stock market is experiencing significant changes. The S&P 500 lost $2 trillion in market capitalization due to sweeping tariffs on trade partners.
Former President Barack Obama has criticized Trump’s economic policies, stating that they will be bad for America. He expressed concern over the federal government’s commitment to strong principles and its treatment of universities.
Shoppers should prioritize purchasing these essential items as soon as possible to avoid price increases.
Source: https://www.unilad.com/news/us-news/donald-trump-tariffs-americans-shopping-items-price-increase-117391-20250405