United States President Donald Trump has officially imposed 25 per cent tariffs on Canadian and Mexican imports, sending shock waves through Canadian consumers and businesses.

The decision escalates tensions in an increasingly fragile relationship between the countries, marking a significant shift in North American economic ties.

The unfolding trade war between is expected to have far-reaching consequences for people and businesses on both sides of the border. How can Canadians navigate the trade war and minimize the financial strain of the tariffs?

As experts in supply chain management, we aim to break down the impact of these tariffs and offer practical strategies for Canadians to help navigate the economic turbulence ahead.

When the news of a potential trade war is first publicized, consumers tend to react by monitoring the situation until further information is available.

Once the government announces which products will be affected, consumers begin to take action. Some Canadians have already started stockpiling products whose prices are likely to rise or be in short supply following the imposition of tariffs.

Stockpiling can lead to product shortages at retailers, which may be worsened by the fear of missing out. Media headlines highlighting empty shelves can act as reinforcement loops, further fuelling frenzied shopping behaviour.

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