Image credit: AP
While the latest price cycle of American President Donald Trump, the radical prices are getting closer to the making in force, American households rush to stock up in the essential elements of everyday – fruit and toothpaste in electronics and even construction materials – before prices start to climb.
The samples offered by Trump, announced on Wednesday, add another layer to an increasing trade war that already lead the global markets and arouses consumer anxiety. With the new prices targeting almost all the main American trade partners, daily goods imported from the foreigner are about to become more expensive and quickly.
What are the affected articles?
Buyers flock to supermarkets and electronic stores, hoping to buy before what economists warn could be an extended period of price inflation. Perisable products such as fruits, vegetables and dairy products are likely to be affected first, supermarkets needing to reconstruct the stock more frequently.
Survey
Do you think the prices will lead to a significant change in your purchasing habits?
But the impact does not stop in the alley of products. Electronics, clothing, shoes, car parts and pharmaceuticals – largely imported – should all transport higher prices in the coming weeks.
“The annual losses for households at the bottom of the distribution of income is estimated at $ 980 under the only policy of April 2,” said John Breyalt, vice-president of public policy, telecommunications and fraud at the National Consumers League
What flies away from the shelves?
Among the first to see a wave of sales is:
- Fresh products and pantry products
- General public electronics such as smartphones and laptops
- Clothes and shoes, especially imported brands
- Supplies for maintenance of motor and vehicles motorcycles
- Building materials, while potential owners are trying to avoid planned increases of more than $ 9,000 per new house.
How can consumers prepare?
Experts advise strategic storage – not panicked -. The purchase of extra from regularly used and non -perishable items is logical, but hoarding is discouraged.
“If you plan insured on consumables, make sure you have a plan on how to store them properly so that you do not have to reject this 20-pound shrimp bag, for example, in a few weeks,” said Breyalt, quoted by AP.
The Trump administration imposed a 10% rate on all American imports, and it is expected to come into force this Saturday, with even higher rights planned for the implementation on April 9.
