Economics

Summary

As Donald Trump's second inauguration nears, Americans are rushing to buy goods like electronics, appliances, construction materials, and shelf-stable foods ahead of his proposed tariffs on imports.

The tariffs, including a 25% increase on Mexican and Canadian imports and 10% on Chinese goods, are expected to raise prices significantly.

Nearly half of Americans surveyed have altered purchasing plans to avoid higher costs.

Economists warn the tariffs could raise household expenses by $1,900 to $7,600 annually. Despite inflation concerns, Trump maintains tariffs "cost Americans nothing."