Buy These 6 Things Now, Before Trump’s Tariffs Kick In Tomorrow

Imagine picking up a state-of-the-art smartphone today versus waiting a few weeks and paying an extra ten percent on that same model. For many tech enthusiasts, the price difference could be the deciding factor in when—or even if—they make a purchase.

Liquor: Cheers, But at a Higher Price

If you enjoy a good drink, brace yourself for a potential price increase at your local liquor store. The United States imports a significant portion of its alcohol from neighboring countries like Mexico and Canada. For instance, tequila—a staple for many celebrations—comes primarily from Mexico, which is now facing increased tariffs on its spirits. Similarly, Canadian whisky and other liquors are likely to see a price jump.

In 2023 alone, billions of dollars worth of distilled spirits flowed into the United States from these countries. With tariffs set to hit at various rates—ranging from 10 percent to even higher on some products—your favorite bottle of tequila or whisky might become a bit more of a luxury item in the coming months.

Cars and Auto Parts: Navigating the Road of Rising Costs

The automotive industry is another sector that could feel the pinch from the new tariffs. A considerable number of vehicles and spare parts sold in the U.S. are manufactured just across our borders. In fact, over 20 percent of all cars and light trucks in the United States have some connection to Mexico or Canada. In 2023, billions of dollars worth of vehicles and auto parts were imported from these neighboring countries.