World

Panic Buying and Tariff Confusion: Americans React to Trump's Rollercoaster Policies

2025-04-12

Author: Jessica Wong

When New Yorker Richard Medina faced a broken camera on his iPhone, he decided to act fast. Fearing impending price hikes triggered by President Trump's new tariff announcements, the 43-year-old quickly contacted his phone provider to arrange for a replacement. "I said, 'We’ve got to switch this out now,'" Medina recounted. "Let's take care of it!"

Price Hikes Looming Over Households

Medina's proactive move is a reflection of the growing anxiety permeating households across the United States. With the threat of soaring prices and potential product shortages looming due to Trump's sweeping tariffs, many consumers are feeling the heat.

Stocking Up vs. Feeling Paralyzed

Some Americans are stockpiling essentials in anticipation of what could be significant price increases. Others, however, are struck by a sense of paralysis, overwhelmed by the quick-fire changes in policy. Many are left hoping that Trump will reconsider his stance—an expectation that, given the president's unpredictable nature, isn’t entirely outlandish.

Trump's Shifting Tariff Strategy

In response to growing unrest in financial markets, Trump has already modified his tariff plans multiple times. Initially, he announced a pause on duties for certain countries, including the European Union, but later exempted smartphones and other electronics just days after consumers began feeling the pressure.

Every Day Brings New Uncertainty

Middle school teacher Anna Woods, 42, expressed her frustration with the constant changes. She recently received a notice from her son's summer camp about potential price adjustments due to tariffs on basic items like T-shirts. "I can’t keep up with the president. Every day is something new," Woods admitted, voicing her unease about how to plan for future purchases. "I just feel like we’re living in uncertain times. Everything is going up."