According to a survey by CreditCards.com, one-third of usa consumers plan to spend more money on shopping this holiday season, with the main motivation being concerns that the Trump administration will impose higher tariffs. The survey shows that nearly one-third of respondents also wish to take on more debt for shopping.

President-elect Donald Trump has promised to impose comprehensive tariffs, and americans are preparing for rising prices. However, consumers are not sitting idly by; instead, according to a recent survey by CreditCards.com, the public in usa is buying a lot of commodities this holiday shopping season.

One-third of americans state that they plan to purchase more commodities, primarily motivated by concerns over higher tariffs, with 39% believing this is the main reason for increased purchases. Other reasons include worries about potential supply chain disruptions, "social instability", economic recession, and another pandemic. Meanwhile, 22% plan to purchase large items like electronics or home appliances.

John Egan, a writer specializing in credit cards, insurance, and personal finance at CreditCards.com, stated last week: "It is not surprising that some consumers are considering purchasing large items before Trump assumes office due to low-cost commodities from countries like china and Mexico potentially being subject to tariffs." "Although manufacturers pay the tariffs, these additional costs are often passed on to consumers in the form of higher prices."

At the same time, americans are also buying a lot of everyday supplies; the survey shows that 34% of americans are stockpiling essential goods. Toilet paper tops the shopping list, with 77% of respondents stating they will stock up on toilet paper, followed by non-perishable food (76%), medical supplies (58%), and over-the-counter medications (54%).

However, recent inflation has driven up prices, meaning these increased expenditures require consumers to seek support from other sources; 30% of respondents state they might incur debt or increase debt to shop.

During the campaign, Trump vowed to impose tariffs of up to 20% on all commodities, while china was specifically named to face tariffs of up to 60%. After winning the election last month, he threatened that if Canada and Mexico do not curb illegal immigration and drugs, one of the first executive orders would be to impose a 25% tariff on them, in addition to another 10% tariff on china.

In an NBC "Meet the Press" broadcast last Sunday, Trump was asked whether he could guarantee that American families would not have to pay more due to his tariff policy. Trump responded, "I cannot guarantee anything," "I cannot guarantee tomorrow."

It is worth mentioning that us enterprises reliant on imports have also been stockpiling key commodities to prepare as much as possible before Trump imposes the tariffs.

Meanwhile, CEOs of large companies warned that tariffs would translate into price increases. Last week, dollar tree (DLTR.US) stated that the tariffs might force the discount chain to raise prices and even completely stop selling certain products.

However, the incoming Trump administration downplayed the impact of tariffs on prices.

Caroline Leavitt, a spokeswoman for the Trump-Vance transition office, told Fortune in a statement, "During his first term, President Trump imposed tariffs on china, created jobs, stimulated investments, and did not lead to inflation," "President Trump will quickly fix and restore an economy that puts american workers first by bringing back jobs to the usa, lowering inflation, increasing real wages, cutting taxes, reducing regulations, and liberating us energy."