{"id":2374385,"date":"2024-11-29T10:21:02","date_gmt":"2024-11-29T15:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/retailers-banking-on-pre-tariff-sales-before-trump-takes-power-washington-examiner\/"},"modified":"2024-11-29T10:24:42","modified_gmt":"2024-11-29T15:24:42","slug":"retailers-banking-on-pre-tariff-sales-before-trump-takes-power-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/retailers-banking-on-pre-tariff-sales-before-trump-takes-power-washington-examiner\/","title":{"rendered":"Retailers banking on \u2018pre-tariff\u2019 sales before Trump takes power &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fretailers-banking-on-pre-tariff-sales-before-trump-takes-power-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2374385&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Retailers\u2064 are preparing for significant\u2063 sales ahead of\u2064 potential tariffs\u2063 that\u2064 the\u200d incoming Trump administration plans to impose \u2062on imports from Canada \u2064and Mexico. Anticipating \u200ba 25% \u200cduty on a variety of goods, \u2062including \u200btechnology, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vanita-gupta-says-she-backs-15-livable-wage-her-family-business-pays-mexicans-1-30-an-hour\/\" title=\"Vanita Gupta Says She Backs  \u2018Livable Wage.\u2019 Her Family Business Pays Mexicans .30 an Hour.\">auto parts<\/a>, and furniture,\u200c many \u2062retailers \u2062are launching \u200c&#8221;pre-tariff&#8221; sales to\u2063 alleviate the financial burden on consumers before \u2064prices escalate. Experts warn\u200c that these tariffs could lead \u200cto substantial\u200c price increases, with estimates suggesting \u200can annual cost of around $2,600 for the average American family due to heightened prices on imported \u2062goods. Major retailers like\u200b Walmart and Lowes are expected to pass on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tesla-posts-highest-profits-ever-despite-concerns-about-musks-twitter-purchase-causing-brand-risk\/\" title=\"Tesla Posts Highest Profits Ever Despite Concerns About Musk\u2019s Twitter Purchase Causing Brand Risk\">increased <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-anti-trump-lincoln-project-facing-questions-over-spending-practices\/\" title=\"Report: Anti-Trump Lincoln Project Facing Questions Over Spending Practices\">production costs<\/a><\/a>\u2062 to consumers, prompting them to \u2063initiate sales to clear\u200c inventory before the tariffs take effect. Small businesses and\u200d artists are also offering discounts, urging customers to purchase before \u200cprices rise. This\u2062 proactive approach reflects concerns over the impending economic impact\u200d and showcases retailers&#8217; efforts to <a href=\"https:\/\/amzn.to\/3YuVZYV\">maintain consumer \u2064interest amidst rising costs<\/a>.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Retailers banking on &lsquo;pre-tariff&rsquo; sales before Trump takes power<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1894453\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Black Friday may not be the only day with major deals this year as retailers have indicated shoppers could see massive sales ahead of <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3242203\/what-items-affected-trump-tariffs-canada-mexico\/\" target=\"_blank\" rel=\"noopener\" title=\"\">tariffs expected to be implemented<\/a> on goods from <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/canada\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Canada<\/a> and <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/mexico\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Mexico<\/a> by the incoming Trump administration.&nbsp;<\/p>\n<div class=\"article-paywall\">\n<p>This week, President-elect <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Donald Trump<\/a> threatened to impose a 25% duty on all products coming in from the two countries, affecting anything from oil and gas to technology, auto parts, furniture, and alcohol. Trump said he would <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3243411\/what-to-know-trump-tariff-threat-mexico-canada\/\" target=\"_blank\" rel=\"noopener\" title=\"\">impose the tariff<\/a> if Canada and Mexico fail to stop drugs and illegal immigrants from entering the United States at the borders.&nbsp;<\/p>\n<p>Experts have already begun to warn that such a tariff would trigger price spikes on items sold within the U.S., placing the cost burden on consumers rather than exporting nations. Economists <a href=\"https:\/\/www.piie.com\/blogs\/realtime-economics\/2024\/american-consumer-going-pay-trump-tariff\" target=\"_blank\" rel=\"noopener\" title=\"\">with<\/a> the Peterson Institute for International Economics previously estimated that a 20% tariff would raise prices for the average American family by around $2,600 annually.&nbsp;<\/p>\n<p>The National Retail Federation also <a href=\"https:\/\/cdn.nrf.com\/sites\/default\/files\/2024-11\/Estimated_Impacts_of_Proposed_Tariffs_on_Imports_11.24_0.pdf\" target=\"_blank\" rel=\"noopener\" title=\"\">estimated<\/a> that even from just a 10% or 20% import tariff, prices of clothing could jump between 12.5% and 20.6% &mdash; costing consumers tens of billions of dollars every year.&nbsp;<\/p>\n<p>&ldquo;If the tariffs go into effect at the levels that have been spoken about, retailers will have no choice but to put up prices,&rdquo; GlobalData Managing Director Neil Saunders <a href=\"https:\/\/www.axios.com\/2024\/11\/20\/trump-tariffs-retailers-raise-prices-products-walmart\" target=\"_blank\" rel=\"noopener\" title=\"\">told<\/a> <em>Axios<\/em>. &ldquo;So one of the things they will have to do is pass some of those cost increases over to consumers in the form of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/congressional-budget-office-minimum-wage-hike-would-cost-1-4-million-jobs\/\" title=\"Congressional Budget Office: Minimum Wage Hike Would Cost 1.4 Million Jobs\">higher prices<\/a>.&rdquo;<\/p>\n<p>Several chief executives of major retailers such as Walmart, Lowes, Autozone, and Columbia Sportswear have also admitted that the expected tariff would raise prices for customers, as the duty would likely increase the companies&rsquo; production costs.&nbsp;<\/p>\n<p>In what appears to be an attempt to offer some advanced relief to shoppers, many retailers are launching pretariff sales on their products.&nbsp;<\/p>\n<p>Earlier this month, online furniture retailer Finally Home Furnishings warned the prices of its items would double as a result of Trump tariffs. <\/p>\n<p>&ldquo;Pre-Tariff sale! This is not a drill,&rdquo; the seller <a href=\"https:\/\/www.facebook.com\/finallyhomefurnishings\/posts\/pfbid02i2Adk2YicbzFrMDKmeGVjrrnBaDprCUv4p9bryy5u8CsziN9jz3m7e46NqEYPsiEl?rdid=CvvoFQaTirk56gwr#\" target=\"_blank\" rel=\"noopener\" title=\"\">wrote<\/a> on Facebook.&nbsp;<\/p>\n<p>Similarly, Maryland-based customer fishing rod seller J&amp;J Sports Service also urged its customers to &ldquo;buy now.&rdquo;&nbsp;<\/p>\n<p>&ldquo;Our rods are built here but the supplies come from other places Japan in general. We will hold the line as long as we can, But we can say for certain this may be the last &lsquo;sale&rsquo; you may see,&rdquo; the retailer wrote in a social media <a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0cPjwBek2M7FwLRjQojvFMdxkHpbRtUFbxF2Q7QDJrPEM164GwMVpK3xAu9BobuZnl&amp;id=100054279650701&amp;rdid=Mn74PJ7NoqyCgfV7#\" target=\"_blank\" rel=\"noopener\" title=\"\">post<\/a>.<\/p>\n<p>Small business owners and artists have also turned to offering sales in the coming weeks. Etsy Seller House of Buzz also <a href=\"https:\/\/www.facebook.com\/share\/p\/18YoTN7ZhD\/\" target=\"_blank\" rel=\"noopener\" title=\"\">took<\/a> to Facebook this month to warn its products may not be available after January.&nbsp;<\/p>\n<p>&ldquo;I&rsquo;m having a pre-tariff &lsquo;sale&rsquo; on all my stock bamboo frames from now until when they actually kick in,&rdquo; the seller said. &ldquo;Hurry and get them at their current prices&nbsp; before they&rsquo;ll be both unaffordable and unobtainable in the future.&rdquo;&nbsp;<\/p>\n<p>A custom sticker designer also <a href=\"https:\/\/www.tiktok.com\/@thwwip_stickers\/video\/7439734239278566702?_r=1&amp;_t=8raIaUgn0v8\" target=\"_blank\" rel=\"noopener\" title=\"\">warned<\/a> customers via TikTok that his prices may rise in the new year, saying he was running a 25% sale before any tariff would go into effect.&nbsp;<\/p>\n<p>Additionally, some financial experts are urging consumers to take advantage of existing sales, such as Black Friday deals. Electronics, clothing items, games, and more are already seeing massive markdowns this week. <\/p>\n<p>WalletHub analyst Chip Lupo told <em>Newsweek<\/em>, &ldquo;Now is the time to snag these savings before new tariffs take effect.&rdquo;&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>With just over 50 days remaining before Trump takes office, some shoppers are already taking action to avoid higher prices. <\/p>\n<p>A recent survey conducted by The Harris Poll found that around 44% of people in the U.S. are planning to make certain purchases before Trump takes office in order to avoid projected higher prices, <span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><a href=\"https:\/\/www.theguardian.com\/us-news\/2024\/nov\/26\/trump-tariffs-prices-harris-poll\" target=\"_blank\" rel=\"noopener\">according to<\/a><em> <\/em>the<\/span><em>  Guardian<\/em>. Even more, around 62%, believe they will have to tweak their own financial plans for next year if the tariff is imposed.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1894453\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1894453\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retailers are launching &#8216;pre-tariff&#8217; sales before Trump takes office<\/p>\n","protected":false},"author":3452,"featured_media":2374386,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/AP24331803562794.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[9168,6581,5219,13991,3634],"class_list":["post-2374385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economy","tag-retail","tag-sales","tag-tariffs","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/AP24331803562794.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2374385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3452"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2374385"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2374385\/revisions"}],"predecessor-version":[{"id":2374389,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2374385\/revisions\/2374389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2374386"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2374385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2374385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2374385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}