The best brands to spend money on now before potential tariff increases

If the onset of inflation wasn’t enough a few years back, prices of some imported goods may rise this month.With the advent of the Trump Administration, economists and forecasters are anticipating higher prices if the new president comes with tariff increases.In fact, Walmart already warned consumers about higher prices, while toy prices may escalate by more than 50%.With that said, you can stock up on some outside-the-country goods before possible tariff increases are implemented.

While, of course, we don’t know the specific nuances of what would be impacted, we can assume that anything outside of the United States is likely to go up in price.TLDR: when a country raises tariffs on products coming from abroad, it increases the cost of those goods when they enter the domestic market.The country’s manufacturers, retailers or wholesalers must pay these higher taxes (otherwise known as tariffs), which, sadly for the consumers, leads to a higher cost at checkout.“Tariffs may incentivize consumers to buy American-made products, especially among older, conservative groups who already prioritize domestic manufacturing,” Chris Beer, data journalist at GWI, exclusively shared with the New York Post after digging into U.S.-centered shopping habits.

“But the data suggests that affordability will be the key factor, not patriotism.And those younger consumers – who express less interest in buying domestic products – may choose alternative channels to try and get around the extra costs for imported goods.”As of January 2025, Donald Trump’s tariff plans are still evolving, but they are expected to align with his prior stance on trade.

During his presidency, he was a strong proponent of using tariffs to address trade imbalances, particularly with China, and to encourage domestic manufacturing.In his 2024 campaign, Trump emphasized an “America First” trade policy, which likely includes continuing the use of tariffs as a tool to protect U.S.

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