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Guardian

Guardian

Americans stocking up on foreign goods before Trump tariffs: ‘a sense of urgency’

Guardian
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77% Informative

Americans are stocking up on goods in anticipation of tariffs Trump plans to place on imports.

Since the election, Trump has promised to immediately impose a 25% tariff on Mexican and Canadian imports, along with increasing existing tariffs on Chinese imports by 10% .

Economists agree that prices will increase with tariffs.

Despite this concern from consumers, Trump has continued to insist that he will institute tariffs as soon as he enters office, carrying out a promise he made on the campaign trail. In his 9 December interview with Meet the Press , Trump said that tariffs “cost Americans nothing”. Tariffs “made this country money. And we never really got the chance to go all out because we had to fight Covid in the last part,” Trump said, referencing his first term. “We did it very successfully.”.