Key items to buy include gaming laptops, TVs, robot vacuums, power backups, and luxury fashion.
As Black Friday approaches, one expert is urging consumers to take advantage of deals on major purchases before President-elect Donald Trump’s proposed tariffs take effect next year.
Key items to prioritize this year include gaming laptops, televisions, robot vacuums, power backup systems, and luxury fashion—categories poised for potential price hikes if the anticipated trade policies materialize.
Trump has pledged sweeping tariffs, including up to a 60 percent levy on Chinese imports and a 25 percent tariff on goods from Mexico and Canada. While these measures aim to bolster American manufacturing and address border security, many economists warn they will likely result in higher consumer costs.
“Tariffs could influence both retailers and consumers. If the proposed 25% tariffs are introduced, shoppers might experience higher prices on goods from affected countries, particularly in categories like electronics, apparel, and home goods, which rely heavily on imported materials and manufacturing”, Chip Lupo, a writer and analyst at WalletHub, told Newsweek.
If Mexico, Canada, and China face the additional tariffs proposed by Trump, the total could amount to roughly $266 billion in tax collections—assuming no major disruptions in trade or retaliatory moves by other countries.
The burden of these taxes would likely fall on U.
