U.S. consumers are racing to shop before Trump's broad tariff hikes hit wallets, according to ABC News. Consumers worry that upcoming tariffs on U.S. trading partners may make everyday goods more expensive and harder to find. The trend leads to a spike in auto sales and panic-buying of goods from furniture to electronics. Experts warn not to go into debt to avoid the “tariff effect." Analysts say supply chains remain stable, and panic-buying risks increase household debt.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. consumers are racing to shop before Trump's broad tariff hikes hit walls, according to ABC News.
00:07Consumers worry that upcoming tariffs on U.S. trading partners may make everyday goods both more expensive and harder to find.
00:14Tread is leading to a spike in auto sales and panic buying of goods from furniture and electronics.
00:19Experts warn not to go into debt to avoid the tariff effect.
00:23Analysts say supply chains remain stable and panic buying risk increases in household debt.
00:28For all things money, visit Benzinga.com slash GSTV.