Reply to Americans Are Stockpiling to Get Ahead of Tariffs

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[quote=Anonymous]We aren't going into debt to do this but yes we are moving up several big purchases so we don't have to deal with potential price hikes due to tariffs.

We bought a TV, a new stand mixer, and a bunch of lightbulbs during Black Friday sales even though we originally weren't planning on buying those items until next year, because I don't want to deal with 30% price hikes on those items in 2025.

If we were considering buying a car in the next couple years, I would pull the trigger on that purchase now if I could. Even if we were planning on buying used -- we all saw how the prices of used cars shot up during Covid when demand shifted due to availability of new cars declining thanks to supply chain issues. Same thing could happen if Trump's tariffs impact the availability of car components coming from China. Or the market for used cars could jump if new cars jump in price and people can't afford them.

I wouldn't stockpile regular consumer goods any more than you normally would (we like to buy TP in bulk anyway because it's easy to store and who wants to be buying TP all the time). But big purchases? Yes, it makes sense to do those now if you can.[/quote]

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