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Topics: Donald Trump, Shopping, US News, Politics
Callum Jones
Topics: Donald Trump, Shopping, US News, Politics
Shoppers in the US are being urged to buy these ten essential items before their prices are set to skyrocket amid Donald Trump's recent tariffs announcements.
Since returning to the White House in January, President Trump has introduced countless tariffs on imports coming from across the globe.
On Wednesday (April 2), the 47th POTUS announced a 10 percent ‘baseline’ tax would apply globally - with higher rates for a 60-strong country list dubbed as Trump’s ‘worst offenders’.
Countries struck with high custom tariffs include the likes of Japan (24 percent), South Africa (30 percent) and Vietnam (46 percent).
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The new tariffs came during a White House Rose Garden Address on what Trump dubbed ‘Liberation Day’ for the United States.
However, experts warns the new tariffs will seen a ton of everyday items skyrocket in price, so shoppers are being urged to purchase these items as soon as possible if they desire them.
The tariffs, which are being introduced today (April 5), come the same week dramatic changes have come to the stock market.
People in the US watched on as the global stocks fell sharply and the US dollar decreased so much that it’s now in a six-month low because of the sweeping tariffs against trade partners.
The S&P 500 lost $2 trillion in market capitalisation as Trump announced sweeping reciprocal tariffs on as many as 60 countries.
As a result of the economic situation, American shoppers are being urged to stock up on the likes of bananas and avocados due to them being imported from overseas nations.
On top of that, those in the market for a new car should consider acting quickly, while now may be the best time to purchase a washer and dryer.
The ten items consumers should consider buying in the US as soon as possible are:
Trump's tariffs have received huge backlash from many in the US, including former president Barack Obama.
During a speech with College President Steven Tepper, Obama said: "I have deep differences of opinion with my most immediate successor — who’s now president once again.
"There are a host of policies that we could be discussing where I have strong opinions,” Obama continued, remarking how he believes the government’s commitment to strong principles has 'eroded'."
Obama added: "When I watch some of what’s going on now, it does not — look, I don’t think what we just witnessed in terms of economic policy and tariffs is going to be good for America, but that’s a specific policy.
“I’m more deeply concerned with a federal government that threatens universities if they don’t give up students who are exercising their right to free speech."