Many people aren’t fully aware of the trade war going on between the U.S. and China, but they’ll feel the effects of it soon enough at the checkout line, making it even harder to save money. The Trump administration is currently overseeing a 25% tariff (tax on imported goods) increase on $200 billion worth of imported Chinese goods and intends to pursue an even higher surge in tariffs (by an additional $505 billion) if China continues to push back. The trade war has been raging on since last April when the U.S. enforced tariffs on both steel and aluminum imports. With no end in sight, here’s a list of items that you can expect to pay more for very soon:
If seafood is your dish, stock up on frozen fillets now while you can. Prices on frozen fish are about to soar. Here’s a list of some seafood items that will be affected:
If you’re expecting, congratulations! But before you go planning a small baby sprinkle-style gettogether, you better make it a full-fledged shower. Because, as if having a baby wasn’t expensive already, now prices on baby strollers, cribs, and other baby essentials are expected to go up, up, up! And since September seems to be the most popular month for baby arrivals, these hiked up prices couldn’t come at a worse time.
Portable space heaters are a lifesaver during those cold, harsh winter months. While Floridians can sleep soundly on this one, the rest of you might want to grab an extra blanket.
Salt is essential for a variety of reasons. It’s needed to give food taste, it treats inflammation and it even makes a great muscle relaxer when added to a hot bath. So, buy some now! You’ll need the relaxation when prices begin to rise.
Nothing says Christmas cheer better than a strand of beautifully lit Christmas lights! But with prices expected to rise even on these necessary decorations, Christmas might become a little more expensive than usual. That’s why it’s critical to make sure yours are still working. After the holidays are officially over, be sure to take advantage of the clearance prices in order to plan for next year.
You better hope your refrigerator came with a good warranty. Because when it comes to replacing it, many large appliances are going to come with even bigger price tags.
Thinking about getting your kid a bicycle soon? You might want to go ahead and pick one up now while prices are still lower. The trade war’s going to have an effect on these too.
With prices expected to go up in the very near future, it’s easy to see how one could get wrapped up in a financial emergency. Fortunately, there are installment loans for fast, instant financial relief. Find a Simple Fast Loans lender near you today to get started!