Early signs of tariff price hikes hit U.S. shoppers
Everyday items are already more expensive — here's what to expect next.
U.S. shoppers are starting to feel the early effects of new tariffs, with price increases showing up in everyday imported goods. Trae Bodge, smart shopping expert at TrueTrae, joined TheStreet to break down what’s happening and what consumers should expect next.
Related: Walmart and Target may lose access to popular products in tariff war
Full Video Transcript Below:
TRAE BODGE: We're starting to see just the very beginning of this with things like perishables, some foods, some flowers that are imported. But really, we have a little bit of runway before we'll start seeing the real impact, because a lot of that merchandise is coming in from overseas. Now, you may have heard that we're seeing fewer ships coming into the US that could cause shortages for, for example, back to school shopping or potentially even holiday toy shopping. So consumers should be aware that we might see some shortages, empty shelves and then higher prices on top of that.
