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Inflationary effects of possible US tariffs are unknown, but could already be affecting consumer behaviour

Published: 31 January 2025

With the spectre of tariffs looming over the Canadian economy, should you hurry to buy an appliance before the added costs get built into their prices? There is no clear answer, and it is not yet known how much tariffs could affect prices, but according to Professor Saibal Ray, the way people think about tariffs could be as important as the tariffs themselves. 鈥淩ather than buying a microwave today, they push out the purchase or bring it forward,鈥 he tells Global News.

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