Why Are Shoppers Racing to Buy Before Tariffs Hit?

Retail sales in the United States increased by 0.5 percent in July, with auto dealerships, home furnishings, and online retailers reporting strong gains as consumers accelerated purchases ahead of new tariffs and anticipated price hikes. Electronics stores saw decreased sales, and restaurant spending declined as more people ate at home. Economists attribute much of the sales surge to consumers seeking to avoid higher prices from tariffs, with companies like Walmart and Warby Parker raising prices on select products or adjusting supply chains. The Labor Department reported slower job growth, and wholesale inflation rose nearly one percent, indicating potential future price increases for consumers.

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