Should you buy things before prices go up?
Canadian consumers are being advised to purchase American-made goods before September 8 to avoid price hikes caused by new retaliatory tariffs. These tariffs are a response to trade disputes between Ottawa and Washington, affecting items ranging from appliances to cosmetics.
Why it matters
The timing of these tariffs directly impacts household budgets and consumer purchasing strategies for imported goods.
As Canada’s retaliatory tariffs on the U.S. are set to take effect next week, many consumers are anxious about the impact of the surtaxes on affected items.
Experts like Ian Lee, an associate professor at Carleton University’s Sprott School of Business in Ottawa, said the federal government’s counter-tariffs will make American items pricier for Canadians.
“If they’re planning on buying them anyways, they should probably buy them before Sept. 8,” Lee said in a video interview with CTVNews.ca on Monday.
“(If) your fridge breaks down or your washing machine breaks down, and you have to replace it, it’s going to cost a lot more after Sept. 8, so it’s a choice that people have to make,” he added.
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