Americans Stockpile Goods as Trump's Tariffs Take Effect

As President Trump's new tariffs take effect, many Americans are responding by stockpiling goods in anticipation of rising prices and potential supply chain disruptions. Shoppers are buying non-perishable items in bulk, echoing behaviors seen during the COVID-19 pandemic, with some experts warning against panic buying. The Tax Foundation estimates the tariffs could cost American households approximately $2,100 by 2025, further fueling consumer anxiety. Retailers like Walmart and Costco are seeing increased purchases of essentials, while concerns over empty store shelves and inflation persist. Meanwhile, China is retaliating with significant tariffs on U.S. goods, raising fears of an escalating trade war. Both consumers and politicians are voicing apprehensions about the broader economic implications of these tariffs, particularly regarding their impact on retirement savings and overall market stability.