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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
RetailTariffs

You have 81 days. Here’s what you should stock up on before Trump’s global tariffs kick in

By
Dave Smith
Dave Smith
Former Editor, U.S. News
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By
Dave Smith
Dave Smith
Former Editor, U.S. News
Down Arrow Button Icon
April 10, 2025, 11:16 AM ET
Donald Trump holds up his list of reciprocal tariffs by country on Liberation Day
U.S. President Donald Trump holds up a chart of "reciprocal tariffs" while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. President Trump issued a 90-day pause on the tariffs, with the exception of China, on April 9.Chip Somodevilla—Getty Images
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President Trump announced reciprocal tariffs for over 180 countries on April 2, an announcement he called “Liberation Day.” Just one week (and plenty of market mayhem) later, on April 9, Trump hit the snooze button on his tariffs rollout, giving countries a 90-day reprieve, instead imposing a blanket levy of 10% across the board except for China, which he hit with a 125% tariff “effective immediately.” (One day later, the White House clarified its tariff rate on Chinese imports is actually 145%.)

While China and the U.S. trade barbs and tit-for-tat tariffs, many are anxiously awaiting the new deadline for when the rest of the world’s reciprocal tariffs will kick in.

Given how many purchases could get significantly more expensive after the new deadline—that is Tuesday, July 8—we’ve created a list of things you might want to consider buying before you see prices go up, noting some of the countries that play a role in producing them and their corresponding tariff percentage once the 90-day pause is up. We’ve also bolded the items China directly contributes to producing as you’ll likely see price increases for those sooner rather than later.

In terms of methodology, Fortune collected consumer spending data from U.S. government agencies like the Bureau of Labor Statistics and the Bureau of Economic Analysis to compile what goods Americans spend the most money on. We then cross-referenced those categories with U.S. import data and statistics from the World Bank and the U.S. International Trade Commission, and then looked at supply chains for these products—particularly where they’re assembled and manufactured. We then prioritized the list of countries based on the prices that are most likely to spike—Asian countries, not surprisingly, are dominant in many categories.

Appliances

Items to buy now:

  • Washing machines, dryers – South Korea (25%), China (145%)
  • Refrigerators, microwaves – Japan (24%), China (145%)
  • Vacuum cleaners, air purifiers – China (145%), Malaysia (24%)
  • Coffee machines, blenders, toasters – China (145%), Thailand (36%)

Babies & Kids

Items to buy now:

  • Toys and board games – China (145%)
  • Strollers and baby gear – China (145%), Vietnam (46%)
  • Children’s furniture and activity sets – China (145%)
  • Children’s clothing – Myanmar (44%), Cambodia (49%)

Clothing

Items to buy now:

  • T-shirts, jeans, outerwear – Bangladesh (37%), Vietnam (46%), India (27%)
  • Undergarments and socks – Sri Lanka (44%), Pakistan (29%), China (145%)
  • Athletic wear and sneakers – Vietnam (46%), Cambodia (49%), China (145%)
  • Fast-fashion – Bangladesh (37%), Vietnam (46%), India (27%)

Electronics

Items to buy now:

  • Smartphones, tablets, and laptops – China (145%), Vietnam (46%), South Korea (25%), Taiwan (32%)
  • Smartwatches and fitness trackers – China (145%), Malaysia (24%)
  • Computer monitors and parts – Taiwan (32%), China (145%)
  • Televisions – South Korea (25%), Vietnam (46%)
  • Chargers, adapters, accessories – China (145%)

Health & beauty

Items to buy now:

  • Skincare products (sheet masks, serums, moisturizers) – South Korea (25%), China (145%), Thailand (36%)
  • Haircare (shampoos, treatments, styling tools) – China (145%), Vietnam (46%)
  • Cosmetics (makeup, nail polish, tools) – China (145%), South Korea (25%), India (27%)
  • Electric toothbrushes and razors – China (145%)

Home décor

Items to buy now:

  • Desks, chairs, bookshelves – Vietnam, China (145%)
  • Rugs and curtains – India (27%), China (145%)
  • Wall art and lamps – China (145%), Malaysia (24%)

Household items

Items to buy now:

  • Bedding and towels – Pakistan (29%), India (27%), China (145%)
  • Bicycles and e-bikes – China (145%)
  • Pet supplies (beds, toys, feeders) – China (145%)
  • Cell phone accessories – China (145%)
  • Tools and hardware – China (145%), Taiwan (32%)
  • Solar panels and batteries – China (145%)

Jewelry & accessories

Items to buy now:

  • Gold and silver jewelry – India (27%), Thailand (36%)
  • Costume jewelry – China (145%)
  • Watches – China (145%), Japan (24%)
  • Handbags and wallets – China (145%), India (27%)

Kitchenware & home goods

Items to buy now:

  • Pots, pans, utensils – China (145%), India (27%)
  • Small kitchen appliances
  • Dinnerware and flatware – China (145%), Vietnam (46%)
  • Storage containers – China (145%)

Outdoor gear

Items to buy now:

  • Luggage and backpacks – Vietnam (46%), China (145%)
  • Tents, sleeping bags, outdoor gear – China (145%)
  • Sports apparel – Vietnam (46%), Cambodia (49%)

Pharmaceuticals & over-the-counter medications

Items to buy now:

  • Generic prescription drugs – India (27%)
  • Pain relievers (ibuprofen, acetaminophen) – India (27%), China (145%)
  • Vitamins and supplements – China (145%), India (27%)
  • Cold & flu remedies – China (145%), India (27%)
  • Diabetes supplies and test strips – China (145%)

School supplies

Items to buy now:

  • Notebooks, pens, and paper – China (145%), India (27%)
  • Calculators and basic electronics – China (145%)

Vehicles & auto parts

Items to buy now:

  • New cars (especially from Toyota, Honda, Hyundai, Kia) – Japan (24%), South Korea (25%)
  • Replacement parts and tires – China (145%), European Union (20%)
  • Motorcycles and scooters – China (145%), India (27%)
  • EV components (chargers, converters) – China (145%)
The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Dave SmithFormer Editor, U.S. News

Dave Smith is a writer and editor who also has been published in Business Insider, Newsweek, ABC News, and USA Today.

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