US consumers rush to buy as Trump tariffs fuel stockpiling, report finds

[BumRushDaShow]

Source: Reuters

February 18, 2025 4:54 PM EST Updated 6 hours ago


Feb 18 (Reuters) - One in five Americans have said they are purchasing more items than usual primarily due to concerns over President Donald Trump's tariffs, a CreditCards.com report showed on Tuesday, reflecting heightened consumer anxiety over potential price hikes and economic uncertainty. Tariffs tend to be inflationary because they raise the cost of imported goods, prompting businesses to either absorb the higher expenses or pass them on to consumers through price increases.

It can lead to broader inflationary pressures as production costs rise across industries that rely on foreign materials and components. For consumers, the fear of rising prices often fuels stockpiling behavior, particularly of non-perishable food, toilet paper and medical supplies, as they rush to buy goods before costs escalate further.

When asked about the impact of Trump's planned tariffs on large purchases, 22% respondents said they had a significant impact, while 30% reported some impact, according to the report. Wall Street is anxious tariffs may accelerate U.S. inflation, prevent the Federal Reserve from cutting interest rates and slow economic growth as uncertainty surrounding trade policies can also weigh on consumer confidence.

One in five Americans have characterized their recent purchases as 'doom spending', and 23% Americans expect they can go into or worsen their credit card this year, the report said. Doom spending refers to the behavior of making excessive or impulsive purchases due to uncertainty or anxiety about the future, often triggered by economic instability, geopolitical tensions or worries over looming financial concerns.

Read more: https://www.reuters.com/world/us/us-consumers-rush-buy-trump-tariffs-fuel-stockpiling-report-finds-2025-02-18/

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Link to REPORT - https://www.creditcards.com/statistics/1-in-5-americans-are-doom-spending/

[kozar]

1. Agree 100

Allow me to add,

When we spend,there is ths little thing, at the bottom of your receipt.
Tax,

The more we spend, the more, they get.
Stocking up, not only, reduces your bank account, it,
Feeds, them.
I buy my food from local farmers,. I need a couple ears of corn or a watermelon?
I give them a 5 dollar bill,
No tax.
Koz

[BumRushDaShow]

2. Local farmer's markets are fantastic!

And I know although it goes in and out of style, people have to go back to preserving food from those "summer" farmer's markets, to store for winter, and that includes things that don't necessarily have to be canned like apples, potatoes, root vegetables, etc.

[kozar]

6. Yep, BumDa

I grew up in NorthDakota, I was one of the kids, that would lug 18 jars down to cellar.
Now, at my age, I live in Fla,
I just buy, on Saturday, what the local farmers are selling

Koz

[3Hotdogs]

3. Unfortunately for Tim, my iPhone 14 will have to last a few more years.

As I recall, he donated to Trump.

[BumRushDaShow]

4. However...

Apple has still argued to keep their DEI policies in place (at least for now) - https://www.cnn.com/2025/01/13/business/apple-dei-companies/index.html

[druidity33]

5. Guilty as charged. nt.

[Crowman2009]

7. Only morons stockpile perishables.

Of course I bought a bunch of gourmet coffee last week because it was on clearance sale. But at least it doesn't expire until later this year.

[Biglinda 52]

8. JUST REMEMBER

Economic blackout February 28th!!

[Bengus81]

9. I'm not one of the five I guess. I'm not buying anything that isn't required to survive

You want to beat those fucks it has to be done economically and a healthy dose of protest rallies. Unless something changes,we're on our own now until at least 2026.

[SWBTATTReg]

10. And the other side of the coin is don't purchase big ticket items. Don't add to tRUMP's dump of an economy, and make

his so-called economy look good. Make it look like it's a dump on fire, which it will be before long. He's pissed off Canada, Mexico, the Asian block, the EU, who else? In short, he pissed off everybody. And he's pissing off American consumers too. Spending is slowing down. And it will keep slowing down too. I won't continue to contribute a dime to this loser's economy.

[IronLionZion]

11. GOP economy is merit-based super genius level

MAGAts failure to understand it is exactly why they demonize education so much.

They want people stupid and afraid and yet somehow blaming someone other than the billionaires in the white house who are doing this to them. "liberal taxes are raising prices, so we need big corporate tax cuts now".

[NGeorgian]

12. I just bought a new car instead of waiting**

Afraid of tariffs even though built in the US.