Retailers urge shoppers to make purchases before tariffs take effect
Some goods from certain countries will face even higher tariffs — up to 50% — which could drive prices up further for consumers.
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New tariffs set to take effect this weekend could drive up prices on everyday goods, from cars to electronics and clothing.
Starting Saturday, a 10% tariff will be applied to nearly all imported goods in the U.S., with even higher taxes coming next week on products from 60 countries. Some Chinese imports could see tariffs as high as 79%, while Vietnamese goods will face a 46% tax. The average U.S. tariff will rise to nearly 25%.
President Donald Trump says the tariffs are intended to boost American manufacturing and reduce trade deficits. However, some economists warn that higher import taxes will likely mean increased costs for consumers.
Local businesses, including car dealerships, are already seeing customers rushing to make purchases before potential price hikes.
"We've had customers come in asking, ‘Should I buy now?’ In general, prices might go up, they might not," said Lia Windsor, a sales associate at Brooklyn Jeep. "I'll be very transparent. Ultimately, it depends on the dealership and how they choose to sell the vehicle. We’re willing to work with customers."
As uncertainty looms, experts recommend shoppers keep a close eye on prices and consider making major purchases sooner rather than later.
