Prices Are About to Skyrocket: What Older Americans Should Buy Now Before Trump’s 2025 Tariffs Take Effect
If you’re thinking of replacing your recliner, upgrading your phone, or buying a new fridge, now may be the time. A new round of steep Trump-era import tariffs is set to take effect on August 1, 2025, potentially raising the cost of many everyday items. Former President Donald Trump announced the “Liberation Day” tariff package as a strategy to pressure foreign governments and boost U.S. manufacturing. But tariffs are first paid by American importers, and those added costs often get passed…