{"id":2421783,"date":"2025-04-09T17:29:01","date_gmt":"2025-04-09T21:29:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumers-panic-buy-goods-as-trump-tariffs-play-out-washington-examiner\/"},"modified":"2025-04-09T17:35:23","modified_gmt":"2025-04-09T21:35:23","slug":"consumers-panic-buy-goods-as-trump-tariffs-play-out-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumers-panic-buy-goods-as-trump-tariffs-play-out-washington-examiner\/","title":{"rendered":"Consumers panic-buy goods as Trump tariffs play out &#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\">22<\/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%2Fconsumers-panic-buy-goods-as-trump-tariffs-play-out-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=2421783&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>The article discusses a surge in consumer panic buying of luxury goods, electronics, and everyday items following the announcement of tariffs by President donald Trump. Consumers, fearing important price increases on products like iPhones, coffee, and luxury cars, have rushed to stores and online platforms to purchase these items in anticipation of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-prepares-to-send-out-inflation-relief-checks\/\" title=\"California Prepares To Send Out \u2018Inflation Relief\u2019 Checks\">high costs due<\/a> to the tariffs. Retailers, particularly Apple, have experienced a spike in inquiries and sales, with people buying products they may not immediately need, such as iPhones for Christmas gifts. <\/p>\n<p>Trump&#8217;s tariffs, particularly a 104% tariff on China, which heavily impacts apple, have resulted in concerns that the cost of iPhones could escalate considerably \u2013 estimates suggest prices could rise as high as $3,500. Additionally, consumers are also purchasing cars and other goods like furniture and avocados, which are vulnerable to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumer-prices-outpace-americans-wage-growth-as-inflation-surges\/\" title=\"Consumer ...s Outpace Americans\u2019 Wage Growth As Inflation ...s\">price hikes due<\/a> to the U.S. importing a large portion of these items. The <a href=\"https:\/\/amzn.to\/3YuVZYV\">panic buying trend reflects consumer behavior<\/a> in response to economic uncertainty and the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mayor-says-immigration-crisis-to-cost-nyc-12-billion-over-3-years\/\" title=\"NYC Mayor: Immigration Crisis to Drain B in 3 Years\">potential financial burden<\/a> from upcoming tariffs. <\/p>\n<p>this reaction reflects a broader anxiety among consumers about the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/4-baseless-conspiracy-theories-the-media-continues-to-report-as-fact\/\" title=\"4 Baseless Conspiracy Theories The Media Continues To Report As Fact\">long-term impacts<\/a> of tariff-related price increases on their spending habits and purchasing decisions.  <\/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\">Consumers panic-buy iPhones, coffee, and luxury goods as Trump tariffs play out<\/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_2087577\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/apple\/\" target=\"_blank\" rel=\"noopener\" title=\"Apple\">Apple<\/a> customers have been panic buying <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/technology\/\" target=\"_blank\" rel=\"noopener\" title=\"iPhones\">iPhones<\/a> out of fear the company may hike prices by hundreds of dollars in the coming days to offset the costs of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"President Donald Trump's\">President Donald Trump&rsquo;s<\/a> tariffs.&nbsp;<\/p>\n<p>They aren&rsquo;t the only ones.&nbsp;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3372883\/stock-market-swings-wild-monday-wall-street\/\">Stock market swings in wild day on Wall Street<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3372685\/kat-cammack-spotlights-tinfoil-american-airlines-flight\/\">Kat Cammack spotlights tinfoil patch job on American Airlines flight<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3372110\/pat-harrigan-campaigns-against-chinese-owned-gnc-on-military-bases\/\">Pat Harrigan campaigns against Chinese-owned GNC on military bases<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Across the country, people have been rushing to stores or going online to buy everything from iPhones to coffee to designer bags and jewelry in anticipation of the&nbsp;toll&nbsp;the tariffs will take on their wallets.&nbsp;<\/p>\n<p>Employees at Apple stores coast to coast have reported being bombarded with questions about how the tariffs would affect the cost of iPhones. In some cases, people have been stocking up on items they don&rsquo;t necessarily need.&nbsp;<\/p>\n<p>Ben Titus is one of them<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">, and<\/span> he told the&nbsp;<em>Washington Examiner<\/em>&nbsp;that he wasn&rsquo;t taking any chances.&nbsp;&nbsp;<\/p>\n<p>On Tuesday night, Titus went to the Apple store in Richmond, Virginia, to buy his 12-year-old daughter, Lisa, an iPhone 16 Plus. He plans to give it to her for Christmas, eight months from now.&nbsp;<\/p>\n<p>&ldquo;I have no idea what it will cost then, so better safe than sorry,&rdquo; he said after forking over nearly $1,000 for the phone and additional storage space. &ldquo;Nothing is certain, and that&rsquo;s the new normal.&rdquo;<\/p>\n<p>    <!-- TradingView Widget BEGIN --> <\/p>\n<div class=\"tradingview-widget-container\">\n<div class=\"tradingview-widget-container__widget\"><\/div>\n<div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/\" rel=\"noopener nofollow\" target=\"_blank\"><span class=\"blue-text\">Track all markets on TradingView<\/span><\/a><\/div>\n<p>   <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-market-overview.js\" async>   {   \"colorTheme\": \"light\",   \"dateRange\": \"12M\",   \"showChart\": true,   \"locale\": \"en\",   \"largeChartUrl\": \"\",   \"isTransparent\": false,   \"showSymbolLogo\": true,   \"showFloatingTooltip\": false,   \"width\": \"700\",   \"height\": \"460\",   \"plotLineColorGrowing\": \"rgba(41, 98, 255, 1)\",   \"plotLineColorFalling\": \"rgba(41, 98, 255, 1)\",   \"gridLineColor\": \"rgba(240, 243, 250, 0)\",   \"scaleFontColor\": \"rgba(15, 15, 15, 1)\",   \"belowLineFillColorGrowing\": \"rgba(41, 98, 255, 0.12)\",   \"belowLineFillColorFalling\": \"rgba(41, 98, 255, 0.12)\",   \"belowLineFillColorGrowingBottom\": \"rgba(41, 98, 255, 0)\",   \"belowLineFillColorFallingBottom\": \"rgba(41, 98, 255, 0)\",   \"symbolActiveColor\": \"rgba(41, 98, 255, 0.12)\",   \"tabs\": [     {       \"title\": \"Indices\",       \"symbols\": [         {           \"s\": \"FOREXCOM:SPXUSD\",           \"d\": \"S&P 500 Index\"         },         {           \"s\": \"FOREXCOM:NSXUSD\",           \"d\": \"US 100 Cash CFD\"         },         {           \"s\": \"FOREXCOM:DJI\",           \"d\": \"Dow Jones Industrial Average Index\"         },         {           \"s\": \"INDEX:NKY\",           \"d\": \"Japan 225\"         },         {           \"s\": \"INDEX:DEU40\",           \"d\": \"DAX Index\"         },         {           \"s\": \"FOREXCOM:UKXGBP\",           \"d\": \"FTSE 100 Index\"         }       ],       \"originalTitle\": \"Indices\"     },     {       \"title\": \"Forex\",       \"symbols\": [         {           \"s\": \"FX:EURUSD\",           \"d\": \"EUR to USD\"         },         {           \"s\": \"FX:GBPUSD\",           \"d\": \"GBP to USD\"         },         {           \"s\": \"FX:USDJPY\",           \"d\": \"USD to JPY\"         },         {           \"s\": \"FX:USDCHF\",           \"d\": \"USD to CHF\"         },         {           \"s\": \"FX:AUDUSD\",           \"d\": \"AUD to USD\"         },         {           \"s\": \"FX:USDCAD\",           \"d\": \"USD to CAD\"         }       ],       \"originalTitle\": \"Forex\"     },     {       \"title\": \"Futures\",       \"symbols\": [         {           \"s\": \"BMFBOVESPA:ISP1!\",           \"d\": \"S&P 500 Index Futures\"         },         {           \"s\": \"BMFBOVESPA:EUR1!\",           \"d\": \"Euro Futures\"         },         {           \"s\": \"PYTH:WTI3!\",           \"d\": \"WTI CRUDE OIL\"         },         {           \"s\": \"BMFBOVESPA:ETH1!\",           \"d\": \"Hydrous ethanol\"         },         {           \"s\": \"BMFBOVESPA:CCM1!\",           \"d\": \"Corn\"         }       ],       \"originalTitle\": \"Futures\"     },     {       \"title\": \"Bonds\",       \"symbols\": [         {           \"s\": \"EUREX:FGBL1!\",           \"d\": \"Euro Bund\"         },         {           \"s\": \"EUREX:FBTP1!\",           \"d\": \"Euro BTP\"         },         {           \"s\": \"EUREX:FGBM1!\",           \"d\": \"Euro BOBL\"         }       ],       \"originalTitle\": \"Bonds\"     }   ] }   <\/script> <\/div>\n<p> <!-- TradingView Widget END -->    <\/p>\n<p>Trump had slapped a 104% tariff on China, which Apple relies heavily on to make its products. Trump also announced so-called reciprocal tariffs on more than 90 nations on April 2. On Wednesday, he said he would pause&nbsp;those tariffs for 90 days after his policy threatened to upend global trade. Despite the grace period for some countries, Trump announced he would increase tariffs on China to 125% after Beijing&nbsp;announced retaliation tariffs on imports from the United States for a total tax of 84%.&nbsp;<\/p>\n<p>The new developments still keep Apple products on dangerous ground.&nbsp;<\/p>\n<p>For example, the price tag on an iPhone 16 Pro Max could rise&nbsp;from $1,500 to $2,300, though some analysts believe that&rsquo;s the lower end of&nbsp;the market. <a href=\"https:\/\/www.wedbush.com\/analysts\/daniel-ives\/\" target=\"_blank\" rel=\"noopener\" title=\"Wedbush analyst Dan Ives \">Wedbush analyst Dan Ives <\/a>predicts&nbsp;that making iPhones in the U.S. would set the price point much higher for customers, hovering around the $3,500 mark.&nbsp;&nbsp;<\/p>\n<p>Though Apple has declined to comment on the sales rush, its retail stores reportedly saw much higher sales over the past weekend than in previous years.<\/p>\n<p>Apple isn&rsquo;t likely to immediately hike the costs of its signature product. The company has kept the price for the Pro model the same, $999, since 2017. Because iPhones make up&nbsp;50% of the company&rsquo;s total revenue, it will have to find the money somewhere. The best bet, analysts said, would be to get a government exemption from the tariffs, something the company did during the first Trump administration. However, Trump has indicated it will be tougher this time around.<\/p>\n<p>The company could also source more iPhones from India, which faces a significantly lower tariff.<\/p>\n<p>Americans have also been panic-buying cars to get ahead of the tariffs. Deutsche Bank analysts said Friday that they expected a rise from February levels but that &ldquo;this impact appears far greater than we anticipated.&rdquo;&nbsp;<\/p>\n<p id=\"gmail-mntl-sc-block_4-0\">Auto-industry experts, such as Anderson Economic Group, have warned that Trump&rsquo;s tariffs would likely cause auto dealers to raise costs by thousands of dollars and hit&nbsp;the five-figure range for luxury cars.&nbsp;<\/p>\n<p id=\"gmail-mntl-sc-block_10-0\">&ldquo;If you are in the market for a new car and you find one you like, my advice is to buy it right away,&rdquo;&nbsp;<a href=\"https:\/\/www.andersoneconomicgroup.com\/consultants\/patrick-l-anderson\/\" target=\"_blank\" rel=\"noopener\" title=\"Anderson CEO Patrick Anderson\">Anderson Economic Group CEO Patrick Anderson<\/a> said. &ldquo;If you have a used car you rely upon, my advice is to make sure it is well maintained as you are likely to use it for a while longer than you had earlier planned.&rdquo;<\/p>\n<p id=\"gmail-mntl-sc-block_10-0\">Other panic buys include furniture, shoes, apparel, coffee and tea, and fruits like avocados. The U.S. imports 80% of its avocados, making them extremely vulnerable to price hikes. Much of the coffee Americans drink is imported from Kenya, Colombia, and Brazil. A large part of American furniture is also assembled abroad and could see large increases.&nbsp;<\/p>\n<p id=\"gmail-mntl-sc-block_10-0\">Sales volume in &ldquo;shelf stable&rdquo; groceries, items that can be safely stored at room temperature for a long period of time, rose after the tariffs were announced, according to new data from Consumer Edge, which tracks spending from credit card data from major retailers. Instant coffee sales rose 21%, ketchup 18%, and beer 3% from just a week ago.&nbsp;&nbsp;<\/p>\n<p id=\"gmail-mntl-sc-block_10-0\">&ldquo;It really does seem like consumers are responding to [the tariffs] and trying to buy some stuff early,&rdquo; Michael Gunther, head of insights at Consumer Edge, said.&nbsp;<\/p>\n<p id=\"gmail-mntl-sc-block_10-0\">The luxury market is also getting hit.&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3375731\/market-closes-dow-up-2900-points-trump-pauses-tariffs\/\" target=\"_blank\" rel=\"noopener\" title=\"\">MARKET CLOSES WITH DOW UP 2,900 POINTS, S&amp;P500 UP 12% AFTER TRUMP PAUSES TARIFFS<\/a><\/strong><\/p>\n<p id=\"gmail-mntl-sc-block_10-0\">&ldquo;The U.S. was supposed to be the savior of the luxury goods industry,&rdquo; Euan Rellie, cofounder of the investment bank BDA Partners, which works in the fashion industry, <a href=\"https:\/\/www.nytimes.com\/2025\/04\/09\/style\/tariffs-eu-luxury-fashion.html\" target=\"_blank\" rel=\"noopener\" title=\"told \">told <\/a>the <em>New York Times<\/em>. &ldquo;The Trump administration has said overnight, &lsquo;We&rsquo;re not going to play ball.&rsquo; Luxury is in a very tough spot.&rdquo;<\/p>\n<p id=\"gmail-mntl-sc-block_10-0\">Initially, the Trump administration imposed a 20% tariff on products from the European Union. With that still up in the air, everything in the U.S.&nbsp;market could become much more expensive. The market was already hurting after slowdowns in China, Germany&rsquo;s recession, and an aging Japanese population. The tariffs could take it over the edge.&nbsp;&nbsp;<\/p>\n<\/div>\n<p> <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_2087577\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2087577\"}});<\/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>Consumers rush to buy iPhones, coffee, and luxury items amid fears of price hikes due to Trump\u2019s tariffs<\/p>\n","protected":false},"author":2646,"featured_media":2421784,"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\/2025\/04\/applestore.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[33564,35077,36838,42181,44343],"class_list":["post-2421783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-consumer-behavior","tag-economic-impact","tag-market-trends","tag-panic-buying","tag-trump-tariffs"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/04\/applestore.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2421783","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\/2646"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2421783"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2421783\/revisions"}],"predecessor-version":[{"id":2421787,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2421783\/revisions\/2421787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2421784"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2421783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2421783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2421783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}