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6 Home Appliances to Buy Before Tariffs Hit

6 Home Appliances to Buy Before Tariffs Hit

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As President Donald Trump navigates the new phase of his leadership, the economic landscape is evolving sharply due to shifts in tariff policies. Recently, tariffs such as a 20% duty on imports from China and a 25% rate affecting all steel and aluminum have taken effect. Consumers are wondering how these changes will impact them. For some, it may be a great time to purchase essential home appliances before further increases take place.

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While tariffs on Mexican and Canadian imports have retracted for now, the upcoming proposals on April 2 could introduce fresh economic shifts impacting international trade. The repercussions of these tariffs are not immediately visible as businesses deplete existing stock before new prices affect consumers.

Many experts predict tariffs will ultimately heighten the cost of living; the Allianz Life survey even reports that 75% of Americans share this concern.

Top Home Appliances You Shouldn’t Delay Buying

Investing in home appliances before new tariffs influence the market could be a smart move. According to Simon Kim, CEO at Glassdome, appliances such as:

  1. Refrigerators
  2. Toaster ovens
  3. Microwaves
  4. Air fryers
  5. Washing machines
  6. Dryers

are at risk of becoming more expensive as current tariffs weigh heavily on raw materials like steel and aluminum. This change could significantly affect both domestic and imported product prices.

Should You Purchase Now?

Faced with potential cost hikes, you might consider securing essential appliances before the situation changes further. Laura Dow, business director at CPG Sourcing, suggests acting sooner rather than later. “The volatility of tariffs continues to influence prices. If you’re operating within a limited budget, purchasing before tariffs become more impactful might be wise,” she explains.

However, she also cautions against unnecessary purchases. “Necessity should guide your decisions—purchase appliances as needs arise, not based solely on tariff predictions,” Dow advises.

Note: GOBankingRates remains impartial, aiming to provide balanced insights on economic matters without political bias. For comprehensive coverage, visit GOBankingRates.com.

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