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Hes also recently said he will impose a 25% tariff on imported steel and aluminum.
Heres a look at the ways Americans are planning tochange their shopping habits due to Trumps tariffs.
Some Americans (over 10%) are also stockpiling products over potential tariff concerns.
Americans are also prepared to cut back on certain categories of purchases if prices increase due to tariffs.
Should You Change Your Shopping Behaviors Due to Tariffs?
Many Americans plan to change their shopping habits but should you?
The answer depends on who you ask, as experts are divided on the issue.
Joseph Camberato, CEO atNationalBusinessCapital.com, doesnt think you better adjust your spending habits just yet.
I dont think you should probably do anything, he said.
Its not worth loading up on items and overspending.
Availability wont change as much as prices.
Camberato recommended being a smart shopper in anticipation of any changes tariffs might bring.
It all depends on you, your specific financial situation and the goods you rely on.
Jeanel Alvarado, retail strategist and founder ofRetailboss, isnt as optimistic.
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