Tariffs Averted! What Happens Now?
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Navigating Tariffs and Trade Barriers
This chapter examines the effects of high tariffs on international trade, particularly their long-term implications on economic behavior in the U.S. and Canada. It highlights the urgency for Canada to diversify its trade relationships and reduce reliance on the U.S. economy amid rising trade tensions. The discussion includes challenges related to interprovincial trade barriers in Canada, using historical examples to underline the complexities of federalism and its impact on economic cooperation.
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