Economists have identified groceries as the category most likely to see significant price hikes, with items like olive oil, rice, and coffee expected to spike.
on all products imported into the United States are now in effect, raising concerns about potential consumer reactions such as panic buying or a complete halt in purchasing. An economist KOMO News spoke with on Friday said there is a possibility that panic buying may eventually happen again.
Shoppers continued their routines, with many more concerned about the consequences of panic buying than the increased prices."If you were smart enough, you would already be prepared and have non-perishable foods anyway," one shopper told KOMO News. The Shoreline Costco store manager reported operations have remained normal, and the overall Costco company does not anticipate a major impact from the tariffs. While the situation remains stable at this location, economists warn that panic buying is still a possibility as costs rise across various products. "These tariffs started off very targeted and they've become quite broad," economist Thomas Fellow told KOMO News.Despite these warnings, customers in Shoreline maintain that it's not time to panic buy. "I don't think anyone needs to go and run and clear out the Costco. That's probably not healthy for our community," one shopper said. Economists have identified groceries as the category most likely to see significant price hikes, with items like olive oil, rice, and coffee mixes expected to spike in cost.
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