US consumers rush to buy big-ticket items before Trump's tariffs kick in
- US consumers rushed to buy big-ticket items like laptops and cars before President Trump's expansive new import tariffs, including a 32% tax on imports from Taiwan, took effect.
- Economists warned that the tariffs are expected to increase prices for everyday items and potentially weaken US economic growth.
- The White House hopes the tariffs will prompt countries to open their economies to more American exports and lead to negotiations to reduce tariffs or encourage companies to increase US production to avoid higher import taxes.
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Trump tariff countdown: U.S. consumers hurry to buy cars, laptops, and more
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.
·Richmond County, United States
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Total News Sources110
Leaning Left17Leaning Right10Center41Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 25%
C 60%
15%
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