A shopping expert shares tips for consumers on how to save money amid tariff uncertainty.
President Trump’s ever-changing tariffs have caused some confusion for Americans, as higher prices and expectations of empty store shelves threaten to change the ways consumers stock up on essentials.
Assuaging concerns among consumers and on Wall Street — at least for the time being — a U.S. agreement with China, announced on Monday by the White House, would effectively reduce the level of U.S. taxes still in place on Chinese goods to about 30% from 145%. China meanwhile, has agreed to cut its tariffs on American goods to 10% from 125%.
President Trump also recently announced a trade agreement with the United Kingdom. Britain says the deal will cut tariffs on U.K. cars from 27.5% to 10% and eliminate tariffs on steel and aluminum. As part of the agreement, a quota of 100,000 U.K. vehicles can be imported to the U.S. at a 10% tariff.
Still, uncertainty reigns. With that in mind, CBS News spoke with shopping expert Trae Bodge, who shared the following tips for consumers who are looking to avoid any added strain on their already strained household budgets.
