A Literature Review of the U.S.-Canadian Trade Relations and Scenarios on Impacts of Tariff Changes Proposed

Yuhan Liu

doi:10.54097/91zf2447

Authors

Yuhan Liu

DOI:

https://doi.org/10.54097/91zf2447

Keywords:

Trade Relation, Tariff, Regression Analysis

Abstract

It is essential to comprehend the current U.S.-Canadian trade relations and their potential future implications, as they can have significant and far-reaching consequences. The effects of Trump’s recent 2025 tariffs will be analyzed by taking a closer look at five major industries of trade, immediate effects on the national economies, public and expert attitudes, as well as potential future outcomes. First, the literature review will discuss the significance of this research. Second, a historical review will examine U.S.-Canadian trade relations overall and across five major industries. Third, a regression analysis will project trade levels under a best-case scenario; next, there will be a discussion of public opinions regarding the policy; finally, there will be a discussion on the optimistic, realistic, and pessimistic future scenarios backed up with expert views.

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