Summer sales could offer the last pre-tariff bargains on many goods this year

This summer’s big sales events could offer some of the best bargains before the ongoing trade war threatens to scramble fall and winter shopping

This summer’s big sales events could offer some of the best bargains before the ongoing trade war threatens to scramble fall and winter shopping.

President Donald Trump’s springtime pause on his sweeping global tariffs is set to expire Wednesday. He has indicated the July 9 deadline isn’t set in stone, and his treasury secretary said Sunday that higher rates would kick in Aug. 1 if agreements aren’t reached by then. So without a flurry of trade deals with dozens of countries in the coming weeks, the import taxes are set to drive up the prices of numerous overseas goods for businesses and consumers alike.

In the meantime, major retailers are rolling out deep midseason discounts to keep customers spending despite widespread pessimism. Consumer sentiment has improved from its dismal levels months ago but remains sharply lower than this time last year. The promotions could run as much as 40% off during Home Depot’s 4th of July Sale (June 19-July 9), Target’s Circle Week (July 6-12) and Best Buy’s Black Friday in July Sale (July 7-13), and up to 50% off during Amazon Prime Day (July 8-11) and Walmart Deals (July 8-13).

What happens with prices after the summer sales events is anyone’s guess. Retail executives, including at Walmart, and major consumer brands have warned that tariff-fueled price increases are likely as the year wears on and the inventories they’ve built up dwindle. Some analysts are already seeing signs of those hikes picking up, particularly at department stores, CNBC reported last week.

To reduce some of the guesswork for shoppers, NBC News is tracking online price levels for dozens of items at Amazon, Walmart, Target, Best Buy and Home Depot to determine when and how much they may fluctuate throughout the rest of the year.

https://www.nbcnews.com/business/consumer/summer-sales-offer-last-pre-tariff-bargains-many-goods-year-rcna215286


Post ID: 4b60f8ed-5d36-4d8c-9001-d7ea5d5cfe6b
Rating: 5
Updated: 1 week ago
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