President Trump's import tariffs beginning April 5 are raising prices on consumer goods, prompting panic-buying among shoppers. Economists predict increases in clothing, electronics, and food costs. U.S. farmers, particularly soybean and sorghum growers, fear losing their biggest market after China retaliated with 34% tariffs on American products. As crop prices drop and the farming economy tightens, experts urge consumers to be cautious amid economic uncertainty. Additionally, luxury resale markets are expected to thrive due to stock market declines, as consumers seek stable investments.