Black Friday may not be the only day with major deals this year as retailers have indicated shoppers could see massive sales ahead of tariffs expected to be implemented on goods from Canada and Mexico by the incoming Trump administration.
This week, President-elect Donald Trump threatened to impose a 25% duty on all products coming in from the two countries, affecting anything from oil and gas to technology, auto parts, furniture, and alcohol. Trump said he would impose the tariff if Canada and Mexico fail to stop drugs and illegal immigrants from entering the United States at the borders.
Experts have already begun to warn that such a tariff would trigger price spikes on items sold within the U.S., placing the cost burden on consumers rather than exporting nations. Economists with the Peterson Institute for International Economics previously estimated that a 20% tariff…
