Missouri Shoppers Urged to Purchase These 7 Items Before August 1 or Face Consequences
August 1st is quickly approaching, and it seems that there are changes on the horizon that could impact the prices of several essential items in Missouri. To prepare for potential price hikes and shortages, it might be wise to stock up on the following products before the impending changes take effect.
A recent video from City Prepping on YouTube with over 1.2 million subscribers alerted viewers to the possibility of significant price increases on 7 specific items starting August 1. The reason behind these expected price hikes is the implementation of new tariffs on various imported goods.
Coffee lovers may need to brace themselves for higher prices, as an anticipated 50% tariff on coffee imports from Brazil could lead to a noticeable increase in the cost of this beloved morning beverage. Similarly, orange juice, often assumed to originate from Florida, is actually a Brazilian import that is also expected to be affected by the 50% tariff come August 1st.
Additionally, fruits and vegetables from Mexico, which are commonly consumed in the United States, could see a 30% tariff imposed on them, potentially causing prices to rise. Over-the-counter drugs, sourced from the European Union, may also become more expensive due to the 30% tariff placed on them starting August 1.
Surprisingly, many auto parts and vehicles come from the European Union, and consumers can expect a 30% increase in prices for these items. Semiconductors, crucial components of phones, computers, and other electronic devices sourced from Taiwan and Singapore, may experience price jumps of 25% to 36% post-tariffs. Those in need of new electronics may want to look out for sales to save some money.
Furthermore, the United States relies significantly on lumber imports from Canada, leading to a projected 35% price increase on lumber following the implementation of tariffs on August 1. While this news may be concerning, being aware of these potential price changes can help consumers make informed decisions about their purchases in the coming days.
In conclusion, it is advisable for Missouri shoppers to consider stocking up on these essential items before August 1 to mitigate the impact of potential price hikes resulting from new tariffs. By being proactive and proactive about their shopping habits, consumers can navigate these changes more effectively and minimize the impact on their wallets.