It depends on what your needs are, says Matilde Bombardini, an economics professor and international trade expert at the University of California, Berkeley. “Can you anticipate certain large purchases? For instance, many appliances and other durable goods come from China, so if you’re going to need a new washing machine, I would say yes, consider buying it now.”
…economist Gene Grossman, who studies international trade policy at Princeton University. “It wouldn’t be crazy to shift those purchases forward, if you have the ability,” he explains. “A lot of companies may try to stockpile parts and readjust their supply chain to move production out of China, and that’s going to get complicated and expensive.”
Even if you’re in the market for American-made products, you might think about snagging it sooner rather than later, as bigger tariffs will result in higher prices here, too. “If you’re an American car company and your international competitors suddenly have higher prices because of tariffs, you’re going to increase your prices too, because you have less competition from abroad,” says Bombardini. “It’s a simple matter of supply and demand.”