Charleswood Limited observes a surge in used goods purchases amidst US tariff tensions

ELLISVILLE, Miss. - June 3, 2025 - PRLog -- Charleswood Limited, a leading investment advisory firm, reports a significant uptick in U.S. consumer interest in secondhand goods as a response to recent tariff-induced price increases. With tariffs affecting a wide range of imported products, many Americans are turning to resale markets to mitigate higher costs.

According to a recent survey by Smarty, approximately 50% of U.S. consumers plan to reduce their purchasing frequency or opt for secondhand items due to anticipated price hikes from tariffs. This trend is particularly evident among Millennials and Gen Z, with 59% and 69% respectively indicating a preference for more affordable, secondhand options if new goods become more expensive.

The U.S. secondhand market, valued at approximately $53 billion in 2023, is experiencing accelerated growth. Platforms like OfferUp have reported a surge in searches for items such as smartphones, appliances, and electric bikes, with some categories seeing search volumes increase by up to tenfold.

Retailers are also adapting to this shift. Macy's CEO Tony Spring noted that consumers are purchasing more in May compared to earlier months, driven by concerns over rising prices due to tariffs. This behavior is especially evident in big-ticket items and jewelry, as customers aim to avoid future price hikes.

Charleswood Limited advises investors to monitor the evolving dynamics of the secondhand market, as this shift in consumer behavior may have long-term implications for retail strategies and market valuations.

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Charleswood Limited provides a variety of financial services to businesses, financial institutions, governments, and individuals, such as investing, banking, securities, and investment management. Please visit our website at https://charleswoodlimited.com. To offer you with further information, we would be delighted to do so.

Charleswood Limited
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Martin Gray
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