5 products that will increase in price

Tariffs on the automotive sector might significantly increase the prices of imported cars. Protectionist measures could also make spare parts more expensive, negatively affecting the Canadian automotive market.

With the introduction of new tariffs on electronic components from countries like the United States and China, the prices of smartphones, laptops, and other technological devices are expected to rise. This could make technology products much more expensive in 2025.

Tariffs on the import of steel and other metals from emerging economies will drive up production costs, leading to increased prices for products such as automobiles, appliances, and construction materials. The year 2025 could mark a record year for prices of these materials.

New tariffs on imported processed foods will likely raise prices for items such as canned goods and packaged snacks. This could make groceries significantly more expensive in Canada by 2025.

The increase in tariffs on imported household appliances will lead to higher costs for items like refrigerators, washing machines, and microwaves. Consumers may face much higher prices in 2025.