A looming 10% tariff on imported goods is set to raise prices for American consumers starting April 5. Economists predict that consumers will bear the brunt of increased costs, especially for products sourced from overseas. As many household items are likely to become pricier, consumers are advised to purchase necessary items sooner rather than later. Furniture from popular retailers such as IKEA and Wayfair, which source materials internationally, are particularly highlighted as being affected. The article also hints at potential benefits from exploring secondhand options for furniture purchases.
Simply put, tariffs will make imported goods even more pricey - and most likely, a lot of items you buy are manufactured overseas. You might be feeling the pressure to stock up as much as possible before these tariffs take full effect.
The tariffs will be higher depending on which country the products are from, but the main takeaway is that many household items are likely to become more expensive.
If you have the means to buy certain necessities now - particularly if they've been on your list - then it's probably in your best interest to do so before the current inventory is gone.
Here are five home categories that will likely be affected by the new tariffs, and what experts recommend buying right now, if you need it.
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