Trump's new tariff policy triggers a buying frenzy among American citizens
Recently, after US President Donald Trump proposed the so-called "reciprocal tariff" policy, American citizens began hoarding goods in a frenzy. According to a report by The Wall Street Journal, before the new tariff policy officially took effect, people from all walks of life, including college students, housewives, and corporate executives, had already sparked a wave of consumption. A 50-year-old New York citizen said that after negotiating with multiple stores and over the phone, he finally managed to purchase the last Chinese brand television. Additionally, some supermarkets' Chinese daily necessities were also snatched up by the public.
At 2:00 AM on April 2, 2025, Trump signed an executive order imposing high tariffs on China and other Asian countries. Among them, the tariff rate on Chinese goods surged from 20% to 54%. As a result, Chinese products in American supermarkets were purchased by the public.
Americans are actually quite good at calculating their expenses in daily life. A survey showed that the new US tariff policy might increase the annual spending of American families by $5000. Initially, it was not considered much since the United States is the most developed country in the world. However, subsequent market reactions proved otherwise. Americans do care about this, which shows that $5000 is not a small amount for ordinary American families, and it is a sum worth paying attention to. I talked to a friend yesterday about this topic, and he deeply agreed.
The rise in prices due to increased tariffs may go unnoticed by the wealthy, but for the majority of middle and lower-class consumers, it is a significant economic burden.


Original article: https://www.toutiao.com/article/1828561637706763/
Disclaimer: This article solely represents the author's viewpoint.
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