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“Liberation Day” Tariffs Explained
The April 2 announcement contained two distinct tariff actions.
First, a universal 10 percent tariff will apply to virtually all U.S. imports starting April 5.
Second, beginning April 9, the administration will impose country-specific “reciprocal” tariffs—targeted at 57 named countries, with rates reaching as high as 50 percent. These nations were identified as chronic trade offenders, based on their bilateral trade surpluses with the United States, perceived tariff asymmetries, and other barriers to U.S. exports.
Same! I've been buying electronics, appliances, clothes, and things that I thought would be too expensive for me if tariffs did happen (which they did) or if I lost my job (hopefully doesn't happen). My family thought I was going a bit wild impatiently buying at the time, but I think they'll see I was right. Ended up spending a lot of cash since around November but ideally it'll help me coast through a disaster more comfortably. Now I'm just in hibernation mode.
Hope we both made the right move.
talked to a car salesman recently and he said his dealership had done more business in the last two weeks than in the previous six months because of the push to buy in advance of tariffs
Yes exactly. One item that I use that wears down every few years is $35 with a coupon on AliExpress right now. It's $120 on Amazon. With tariffs and the removal of de minimis, it would become $100 on AliExpress and probably $170 on Amazon. I can justify $35 every few years but $100+ is not my kind of spending habit.