The recent threat of higher tariffs on imported products is causing concern among consumers in the United States. With the prices of several essential products about to skyrocket, the advice of billionaires like Mark Cuban has gained popularity: "Buy a lot of consumable products now," he recommended on his social media.
This increase in tariffs will mainly affect products imported from countries like Chile, Brazil, and Canada. Stores like Walmart have become a popular destination for those looking to take advantage of current prices before the increases become inevitable. What are the five products you should consider buying now?
1. Coffee
Coffee is another product expected to increase in price due to tariffs. Well-known brands, like Italy's Illy coffee, will be affected. Additionally, coffee imported from Brazil and Colombia, two of the largest producers, will also experience increases.
Take advantage of the fact that coffee has a long shelf life. Walmart has options for whole bean and capsule coffee, perfect for storing and saving in the long term. If you're a fan of this beverage, don't miss the opportunity.
2. Frozen Seafood
The United States imports 85% of its seafood, and much of it comes from countries already facing high tariffs. Countries like Chile, India, Indonesia, and Vietnam will be the most affected. Fresh seafood will be quickly impacted by high prices, but frozen options will be an excellent alternative.
Walmart offers a wide variety of frozen seafood, which can be stored for a long time without losing its qualities. If you're a seafood lover, now is the time to stock up before prices rise even more.
3. Nuts
Although you might not often think about it, nuts are among the products that will suffer the most increases. Countries like Vietnam, Brazil, and Ivory Coast, which are major exporters of nuts, will see a price increase due to tariffs.
With a long shelf life, nuts are an excellent option for long-term storage. Walmart and other large stores have good deals on nuts like cashews and macadamia nuts, making them a smart purchase right now.
4. Maple Syrup
Maple syrup, a very popular breakfast product, mainly comes from Canada. With the 25% tariffs on products imported from this country, maple syrup prices will increase considerably.
This is the ideal time to stock up on this delicious product. Maple syrup has a long shelf life if stored properly, so you can buy several bottles without worrying about expiration. Walmart offers good prices and options for buying in bulk.
5. Alcoholic Beverages
Imported alcoholic beverages, such as European wine, Mexican beer, and Russian vodka, are also among the products that will rise in price. These products also have the advantage of being stored for long periods.
If you enjoy wine or imported beers, now is the time to stock up. Walmart and other large chains have a variety of alcoholic beverages that you can purchase now, at a lower price, before they rise due to tariffs.
These five products are essential for many households, and the upcoming price increases due to tariffs only intensify the need to buy them now. Take advantage of current deals at Walmart before it's too late.