Many consumers are stocking up on international foods, wines, and other goods before potential tariffs hit.
Specialty food stores in the U.S. are experiencing a surge in sales as consumers stock up on European goods ahead of potential tariff increases, according to new data from the Specialty Food Association. The data shows a significant increase in purchases of items like cheese, wine, and olive oil, as shoppers rush to buy these products before prices potentially rise due to the proposed 25% tariffs on European Union goods. This trend is particularly noticeable in states like California, New York, and Florida, where specialty food stores have reported a notable uptick in sales over the past few weeks.