As the holiday shopping season approaches, Americans are bracing themselves for a potentially pricey Christmas due to rising costs of living and President Trump's tariffs. A recent poll by The New York Times revealed that the administration is shifting its focus from trade wars to affordability, with potential policy changes including lowering some tariffs rates.
In September, a Harris poll found that nearly three-quarters of Americans β 74% β reported increased monthly household costs, with many feeling the pinch due to rising prices for everyday essentials. And now, with the holiday season just around the corner, consumers are wondering how these economic realities will impact their shopping plans.
Will you be splurging on gifts this year or scaling back in response to price hikes? Do Trump's tariffs and cost of living concerns have altered your Black Friday strategy? The answers, it seems, vary widely.
For some, the prospect of $2,000 windfalls from tariff revenue may be a silver lining, as mused by President Trump on social media. Others are more concerned about how rising costs will affect their own holiday spending.
The question remains: how will Americans navigate the complex economic landscape this holiday season?
In September, a Harris poll found that nearly three-quarters of Americans β 74% β reported increased monthly household costs, with many feeling the pinch due to rising prices for everyday essentials. And now, with the holiday season just around the corner, consumers are wondering how these economic realities will impact their shopping plans.
Will you be splurging on gifts this year or scaling back in response to price hikes? Do Trump's tariffs and cost of living concerns have altered your Black Friday strategy? The answers, it seems, vary widely.
For some, the prospect of $2,000 windfalls from tariff revenue may be a silver lining, as mused by President Trump on social media. Others are more concerned about how rising costs will affect their own holiday spending.
The question remains: how will Americans navigate the complex economic landscape this holiday season?