5 things to consider buying before new tariffs take effect

1. Electronics and Gadgets

Electronics are one of the most commonly affected categories when tariffs are implemented, especially when they come from countries like China. If you’re in the market for a new laptop, smartphone, tablet, television, or other high-tech gadgets, it might be wise to purchase them before tariffs increase the overall cost.

Electronics manufacturers often absorb some of the tariff costs, but they usually end up passing them on to consumers in the form of higher prices. If you’re looking to upgrade your home office equipment or invest in new tech devices, doing so before the tariff deadline could save you a significant amount of money.

2. Home Appliances

Major home appliances like refrigerators, dishwashers, washing machines, and ovens can also be impacted by new tariffs, particularly if they are imported from countries subject to the tax. As with electronics, appliance manufacturers often adjust their prices to reflect increased costs due to tariffs, which could make these items more expensive soon.

If your appliance is on its last legs, or if you’re renovating your kitchen or laundry room, it’s a good idea to purchase these large items before new tariffs take effect. Many appliance retailers also offer promotions and discounts leading up to the holidays, making this an opportune time to buy.

3. Clothing and Footwear

Tariffs on textiles, clothing, and footwear can have a direct impact on consumer prices. Apparel, shoes, and accessories imported from certain countries (especially China) may become more expensive as the cost of the tariff is passed down to consumers. While clothing sales may happen throughout the year, if you have specific wardrobe needs, it’s smart to purchase these items before the price hikes.

Consider stocking up on essentials such as coats, boots, or even seasonal items like swimwear or activewear, which are all often imported. Additionally, look out for seasonal sales where these goods might be offered at lower prices before tariffs are enforced.

4. Furniture

Furniture, particularly large or imported pieces, can be heavily impacted by tariffs. Whether it’s a new sofa, dining set, or office chair, many pieces of furniture are made overseas and could see a price increase if tariffs are imposed on imports.

If you’ve been eyeing that perfect statement piece for your home or office, or if you need to replace worn-out furniture, purchasing it before tariffs take effect can save you money. Additionally, shopping during clearance sales or using coupons can help offset some of the increased costs, making it the best time to make your move.

5. Building Materials and Home Improvement Supplies

For those looking to build or renovate, tariffs can affect the cost of building materials, tools, and home improvement supplies. Items such as steel, aluminum, lumber, tile, and even certain types of paint could become more expensive as new tariffs are applied to imports from certain countries.

If you’re planning a construction project or home renovation, it’s a good idea to buy materials and tools before the tariffs go into effect, particularly if you’re working with materials that are imported from countries facing new tariffs. Additionally, if you’re hiring contractors, it’s also helpful to lock in prices before those contractors face higher costs for materials.

Bonus: Consider Stockpiling Everyday Essentials

Certain everyday products like food, household goods, and personal care items can also be impacted by tariffs. While the effect might be less immediate than on larger purchases, certain food products (such as vegetables, fruits, or meat) and personal care products may rise in price if the tariffs target specific items. Stocking up on non-perishable goods or products with a long shelf life may help you avoid the higher prices that come with tariffs.

New tariffs can significantly affect the prices of imported goods, leading to higher costs for consumers. By considering what items are most likely to be impacted, such as electronics, appliances, clothing, and building materials, you can make smarter purchasing decisions before the tariffs hit. Whether you’re looking to upgrade your tech, renovate your home, or simply buy essentials, acting quickly can help you avoid paying more in the future. Keep an eye on news about the tariffs and take advantage of sales and promotions that could help you save before the prices increase.