Tariffs spark concern over possible Costco panic buying before prices rise
666Wide-reaching tariffs on all products imported into the United States are now in effect, raising concerns about potential consumer reactions such as panic buying or a complete halt in purchasing.
An economist KOMO News spoke with on Friday said there is a possibility that panic buying may eventually happen again.
However, customers at the Costco in Shoreline expressed little worry, at least for now.
Shoppers continued their routines, with many more concerned about the consequences of panic buying than the increased prices.
"If you were smart enough, you would already be prepared and have non-perishable foods anyway," one shopper told KOMO News.
The Shoreline Costco store manager reported operations have remained normal, and the overall Costco company does not anticipate a major impact from the tariffs.
While the situation remains stable at this location, economists warn that panic buying is still a possibility as costs rise across various products.
--------------------------------------------------
For more on the story: https://komonews.com/news/local/trump-tariffs-groceries-food-costs-imports-consequences-economists
_______________
Stay up to date with our social media:
KOMO News on Facebook: https://www.facebook.com/KOMONews/
KOMO News on Twitter: https://twitter.com/komonews
KOMO News on Instagram: http://instagram.com/komo4
KOMO News on TikTok: https://www.tiktok.com/@komo4seattle
Subscribe to KOMO on YouTube: / @komonews
Watch more top local news stories: • Video
For all of the day’s top local and national news, visit http://www.komonews.com/
Watch our live newscasts and other live video at https://komonews.com/watch
Download our iOS App: https://itunes.apple.com/us/app/komo-news-mobile/id433508161?mt=8
Download our Android App: https://play.google.com/store/apps/details?id=com.newssynergy.komo
Have a news tip? Send it directly to us:
Email us: tips@komonews.com
Call the Newsroom: 206.404.4000
KOMO News (ABC 4) provides the latest breaking news, sports, weather, traffic, and local event coverage in the Seattle and Western Washington/Puget Sound area, including Bellevue, Redmond, Renton, Kent, Tacoma, Bellingham, Yakima, and surrounding communities.
Tune into ARC Seattle Monday-Friday 7-10 a.m. and 10-11 p.m. on KUNS, The CW Network.
#komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews
This video and all Sinclair Broadcast Group content archives of local news and sports coverage are available for your use. For more information, contact us at contentsales@sbgtv.com