If you’re planning to buy a recliner, phone, or fridge, now’s the time. Starting August 1, 2025, steep Trump-era import tariffs will kick in, raising prices on many everyday items.

The “Liberation Day” tariffs, introduced by Donald Trump to pressure foreign governments and support U.S. manufacturing, are first paid by American importers—meaning higher costs for consumers. “Tariffs typically show up in higher checkout prices—not overseas factories.”

Older adults and retirees may be hit hardest as inflation and rising costs strain fixed incomes.

Prices are expected to rise on:

* **Electronics** (phones, TVs, laptops)
* **Furniture** (75% is imported)
* **Clothing and linens**
* **Groceries** (imported fruits, nuts, and vegetables)
* **Appliances** (affected by metal duties)
* **Prescription drugs** (a proposed 200% surcharge could raise co-pays)

To prepare:

* Shop summer sales before August 1
* Stock up on household goods and nonperishables
* Refill 90-day prescriptions or use mail-order
* Make major purchases now
* Adjust your fall budget for higher grocery and utility bills

“Acting now could help cushion the blow of price hikes set to arrive in August.”