It'll be an interesting dynamic with unknown outcome presently. I think you might see some initial panic buying, but I dont think alot.
The inflation bump will make everything cost more but wages will lag and never catch up as usual. Expendable income for most Americans, thats already taken a huge hit the last 4 years, will get tapped again.
People will likely buy less non essential items over next few years for sure if the tarrifs stick and prices/inflation do what alot of folks likely smarter than me think they will anyways.
Manufacturers of those items will raise prices due to increased production costs, likely cut quality if possible. Then when sales and revenue go down, lay off work force to try to keep the books in the black, especially if they are publicly traded company.
Once they gets costs down enough and product still isn't moving, prices will come down as everything stabilizes to the new norm...but likely never as low as they were before the hike...as long as they have enough capital reserves to weather the storm and don't close up shop.
Some may not survive it.
I'm not an economics major, but i think so long as we stick to capitalism, supply and demand will do what it does and has been doing, whether that's good or bad is a whole other issue I've no interest in diving into.
Everything is worth whatever the masses are willing to pay for it.
I don't know that it'll effect the Alpha companies too much...the ones who's business model is already prestige, high price, high quality, low volume...if they raise prices 20% or so it's not likely to chase many of their target market away.
That rifle or binos your thinking about buying isn't gonna douple in cost...but it may be 20+% more in next year or so.
If you have the money and want or need something that's still at what you consider reasonable price, likeky not a bad time to buy it.
I dont forsee any major price breaks coming down the line unless it's a 'going out of business sale'...but I wouldn't be panic buying anything especially any kind of hunting gear.
But maybe I'm wrong and everything will turnnout just peachy bybthe end of 2025

...luckily I'm not presently in any sort of gear shortage so not too concerned about hunting gear does price wise next few years.