As President Trump's tariffs took effect Friday, some parents are worried that the cost of school supplies might be impacted.
Breakdown
- Families are spending more on school supplies due to rising prices.
- A survey shows 67% of shoppers began buying supplies in early July, up from 55% last year. 21s
- More than half of shoppers are concerned about tariffs and inflation, with three quarters expecting higher prices. 32s
- Retailers like Walmart have kept prices steady by buying inventory before tariffs took effect. 59s
- Consumers are shopping early, comparing prices, and budgeting to manage costs. 1m 8s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.