Best brands and products to buy before possible tariff increases

If the onset of inflation wasn’t enough a few years back, prices of some imported goods may rise this month.

With the advent of the Trump Administration, economists and forecasters are anticipating higher prices if the new president comes with tariff increases. In fact, Walmart already warned consumers about higher prices, while toy prices may escalate by more than 50%.

With that said, you can stock up on some outside-the-country goods before possible tariff increases are implemented. While, of course, we don’t know the specific nuances of what would be impacted, we can assume that anything outside of the United States is likely to go up in price.

What is a tariff?

TLDR: when a country raises tariffs on products coming from abroad, it increases the cost of those goods when they enter the domestic market. The country’s manufacturers, retailers or wholesalers must pay these higher taxes (otherwise known as tariffs), which, sadly for the consumers, leads to a higher cost at checkout.