Fox 5 New York
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‘Doom spending’ surges as Trump’s tariffs take effect
Posted
March 4, 2025
Views
3,571
Likes
21
Comments
16
Engagement
1.04%
March 4, 2025
3,571
21
16
1.04%
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1:49Now PlayingWith President Trump’s 25% tariffs on goods from Canada and Mexico taking effect Tuesday, many Americans are scrambling to make big purchases before prices go up. This rush to buy—called “doom spending”—is fueled by fear of rising costs. Fox 5’s Duarte Geraldino speaks to financial experts and psychologists about why people are panic-buying and whether it’s a smart move.
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