Trump's tariff policy will affect people's livelihoods! American billionaires are calling for "quickly stockpiling goods," and New Yorkers are spending $100,000 on purchases.
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On April 2, U.S. President Trump announced a "reciprocal tariff" policy, causing a global shock. Economists generally believe that this move will lead to severe inflation in the United States, affecting the prices of essential goods for the public. In response to the potential rise in prices, former owner of the NBA's Dallas Mavericks, Mark Cuban, urged the public to stock up in advance. Many people have gone on shopping sprees in a short amount of time, with some spending over $3,000. Psychology professor Wexler stated that he has purchased a large number of items on Amazon to prepare for possible emergencies.
The President of the United States, Trump, put forward the globally concerning "reciprocal tariff" policy on April 2 local time. This move not only impacts the global economy but is also met with a generally pessimistic outlook from both the academic and business communities, who believe it will bring significant inflationary pressure to the United States. The public may face a sharp increase in the prices of essential goods.
In response, former owner of the NBA's Dallas Mavericks, Cuban, called on the public via social media to go to local bulk retailers to stock up, in order to avoid the effects of rising prices. Meanwhile, many Americans have reported to the media that they have emptied their online shopping carts, with some spending over $3,000 in bulk purchases at stores in less than 24 hours.
Reports indicate that with Trump officially announcing the reciprocal tariff policy, many economic experts have begun to analyze the possible impacts, pointing out that due to the expectation of a significant surge in the prices of essential goods, many people are rushing to "stock up" before the tariffs take effect. Cuban posted on the social media platform Bluesky, suggesting that everyone go to Walmart or other large retailers now to purchase daily consumables, emphasizing that even if goods are made in the USA, prices will still increase due to rising tariffs. He advised people to buy any items that can be stored before stores restock.
A psychology professor from California State University stated that she spent $578 on Amazon and felt that having stocked up would help her better face life. Residents from Queens, New York, spent over $3,000 within just 24 hours purchasing various electronic products and household items, questioning, "If we don't buy now, when can we wait until?"