Part 10/11:
As the economic landscape changes with impending tariffs, signs indicate that consumers are adjusting their habits preemptively. Reports suggest spikes in sales for cars and electronics as shoppers rush to make purchases before prices rise. Yet, research indicates that when consumers face higher prices, they often do not shift their spending from cheaper imports to local products, suggesting that price increases could dampen overall spending specifically on lower-priced goods.
Conversely, trends reflecting a growing awareness of waste—such as capsule wardrobes and secondhand shopping—hint at an emerging shift in consumer priorities. Retailers specializing in secondhand items may find opportunities in the evolving market amidst impending price increases.