From Yahoo Finance: 2025-04-19 17:20:00

Americans are stockpiling due to fears of rising costs from Trump’s tariffs, which could impact consumer goods and lead to job losses. Sales of nonperishables spiked after the tariff announcement, with people also buying more cars to lock in prices before potential increases. As prices rise, consumers are bulk-buying items like coffee, olive oil, and toilet paper. Tariffs keep changing, causing uncertainty and nervousness among consumers. Warren Buffett and others are stockpiling cash, while some are investing in CDs and high-yield savings accounts. The impact of tariffs on economic activity is significant, affecting consumer confidence and spending.

Some people are building up their pantries with non-perishables, while others are increasing their cash reserves. It’s important to have a balanced approach and not panic sell stocks. Lessons learned from 2020 are guiding consumer behavior in response to the changing economic landscape. Egg prices are rising, but not all consumers are engaging in “doom spending.” Valuable lessons from past experiences are influencing current shopping strategies.



Read more at Yahoo Finance: Americans are ‘doom buying’ coffee, olive oil and soap. What’s the one thing I should stockpile to avoid tariff price hikes?