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After the election but before the inauguration we bought a replacement refrigerator before we absolutely needed to because the one we were looking at was made in Mexico. It seems kind of conspiratorial to buy it when, at that time, Trump was just muttering about tariffs on Canada and Mexico. Now it looks like good forethought and planning.
My dad also moved up his plans to buy a Ford Maverick specifically because of the Mexico tariffs. (They finally made the AWD Hybrid version he wanted to replace his old Ranger that has 240k miles on it.)
With the number of parts and final assembly done in Mexico, it would have probably increased the price of the truck by more than 10k.
I went ahead and replaced my furnace that I'd been putting off doing for as long as possible, knowing it needed replaced soon before it failed, but trying to get another winter out it. Went ahead and pulled the trigger in January before tariffs.
Could've probably limped my furnace and water heater on a few more years.
However thought "Dunno how long that's gonna take and if they shit the bed during I'm proper fucked." and replaced them.
Yeah, we're in Canada. I made a big purchase because I was expecting tariffs to tank the Canadian dollar.
I'm happy to say that neither of those things have happened. Yet.
Get ready for the Canadian dollar to be worth more than the US dollar.
looks over to my jar of loonies and toonies
i might just have a retirement fund after all.
It is. At best the tariffs didn't happen and you wouldn't have been saving money, so it makes sense to plan for the worst.
I've been thinking about a new car, but I did the math and even with a price hike it would make financial sense for me to wait.