Consumers across the U.S. are being urged to buy key everyday items now, as prices are expected to rise due to new import tariffs. A 10% global tariff on a wide range of imports took effect April 5, with some countries like Japan, South Africa, and Vietnam facing rates up to 46%.

Why Prices Are Rising The tariff announcement triggered a sharp drop in the S&P 500 and a six-month low for the U.S. dollar. Economists say these changes will likely impact both domestic and international markets, especially for goods heavily sourced overseas.