12 Things That Are About to Get Way More Expensive
As tariffs kick in, here are the items you can expect to carry increased price tags soon, and strategies to protect your wallet.
With the proposed increased tariffs on aluminum, consumers can also expect to see prices go up on canned goods such as beer, soda, and soup, which are mostly made with imported aluminum, says Caponera. “Consumers can still get a great deal on beer by buying in bulk at Costco and signing up for coupon books at both Costco and your local grocery store to stock up on canned goods as they go on sale,” she adds. Here are 15 other things you aren’t buying at Costco—but should.
“As the proposed tariff has targeted Chinese-made medical equipment such as X-ray tubes, CT scanners, and EKG machines, the cost of those goods will increase within the medical profession, and thus could lead to a potential increase in health care costs to Americans,” explains Caponera. “While we can’t predict when illnesses will occur, if you’re an individual who gets annual screenings done using specialized medical devices, it would be a smart idea to schedule those appointments before the end of this year in order to avoid potential added costs.” Speaking of medical costs, a blood test in this state will run you 25 times more than in other states.
One way that companies deal with economic difficulties brought on by the trade war is, unfortunately, to pass the pain down to consumers. About a year ago, Ralph F. Tschantz, the Vice President and General Manager of Fun Express, which sells and ships party goods, novelties, and holiday items, sent an email out to the company’s customer base, explaining: “Fun Express will be implementing a price increase, effective on all deliveries after December 1, 2018, to cover these increased tariffs and other cost increases we’ve experienced the past three years in raw materials, labor, and transportation on products imported from China.” To lessen the potential pain of these tariffs, make sure to use these 20 ways to save money you probably haven’t tried yet.