International news, Broadcast genre

A wave of consumer panic is sweeping across the United States as citizens and retailers rush to purchase goods ahead of a steep increase in import prices. The frenzy has been triggered by the Trump administration’s new "reciprocal tax," set to take effect on April 9, which will impose an additional 35–40% tariff on a wide range of imported goods. What resembles a nationwide clearance sale is actually a pre-emptive buying spree. Products that were already relatively affordable are now being sold with aggressive discounts as stores attempt to offload inventory before the tariffs take hold. This perceived bargain has drawn massive crowds into stores across the country, with people scrambling to stock up on everything from daily essentials to luxury items.Retailers are not just serving shoppers - they're shopping themselves. Many business owners are purchasing bulk quantities of foreign-made goods at current lower prices, intending to resell them after the tariff hike. Experts suggest this is a strategic move to maintain profit margins while nudging consumers away from costly imports in the future.The tariff policy, aimed at rebalancing trade and reducing the U.S. trade deficit, affects multiple countries, including India. As a result, a wide range of products, especially those manufactured overseas, are expected to see sharp price increases overnight. The automotive sector is already feeling the impact. Car showrooms have reported an influx of buyers keen to finalize purchases before prices rise. Electronics, including laptops, smartphones, tablets, and home appliances like refrigerators and washing machines, are also flying off the shelves, particularly Chinese-made items.The housing sector isn’t immune either. Construction materials are on the verge of becoming significantly more expensive, prompting builders and prospective homeowners to advance their purchasing timelines. Even wellness products such as treadmills and massage chairs have seen unexpected spikes in demand.Also Read: They're dying to make deal: Trump stands firm on 'reciprocal tariffs'On the international stage, the United States' new tariff policy has sparked retaliatory measures. Countries like China have announced their own set of tariffs, escalating concerns of an impending global trade war.Economists warn that these tit-for-tat actions could destabilize international markets. JP Morgan has raised alarms, stating that there is a 60% probability of the global economy slipping into recession by year’s end if the current trend continues.As the April 9 deadline approaches, what started as a trade policy decision has rapidly transformed into a national consumer event - one driven by fear, strategy, and economic uncertainty.

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