Economy
Related: About this forumUS consumers rush to buy big-ticket items before Trump's tariffs kick in
Source: Associated Press
US consumers rush to buy big-ticket items before Trumps tariffs kick in
By CLAIRE RUSH and MARK THIESSEN
Updated 12:10 AM EDT, April 5, 2025
John Gutierrez had been thinking about buying a new laptop for the past year. The Austin, Texas, resident needed a computer with faster processing and increased storage for his photography work and had his sights set on a product from a Taiwanese brand.
Then President Donald Trump announced expansive new import tariffs Wednesday, including a 32% tax on imports from Taiwan. That same day, Gutierrez ordered the laptop, with a base price of $2,400, from a retailer in New York specializing in photo and video gear.
I thought Id bite the bullet, buy it now, and then that way Ill have the latest technology on my laptop and dont have to worry about the tariffs, he said.
Gutierrez was among the U.S. consumers rushing to buy big-ticket items before the tariffs take effect. Economists say the tariffs are expected to increase prices for everyday items, warning of potentially weakened U.S. economic growth.
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Read more: https://apnews.com/article/trump-tariffs-economy-consumer-spending-2e29ccf002ba4a1696ea54005b1a377c

unblock
(54,926 posts)we had been holding off on an ipad & iphone upgrade, just went ahead yesterday figuring prices are only going to go up, a lot and fast.
we probably should be switching away from apple entirely, but that's another bigger decision....
kimbutgar
(24,726 posts)A spare TV when my old one in my bedroom dies, used some rewards points from my credit card got two new iPads as backups, a laptop for my son as a backup when his other one dies. Honey, Tuna, and my freezer is filled with an extra packs of Costco chicken breasts and ground beef. And been buying extra bottles of my favorite Italian wine. Im stocking up on items because the shit is going to hit the fan by June.
GoreWon2000
(1,402 posts)and I'm very grateful that I was able to do so before this tRump tariffs insanity.
BootinUp
(49,577 posts)Hugin
(35,995 posts)Is where spares are already on the shelf, yet when purchased they will have the tariff pricing.
Like, for example, an older car someone has needs repairs. The parts to do so have been laying on a shelf in a warehouse (in the US) for perhaps decades. When the parts are ordered and supplied, do you think the supplier is going to differentiate pre- and post-tariff? Hell, no! That percentage is going directly into their pocket.
That doesnt even take into account the headaches presented by the omnipresent JIT (Just In Time) supply philosophy adopted by many retailers and repair shops over the last twenty-five years. They did this to cut the costs of warehouses. Were about to FO the downside.