Tariffs, Trade, and Economic Complexity

This chapter examines the new tariff regulations and their effect on U.S.-Canada trade relations, particularly concerning allegations of Canadian companies bypassing tariffs. It explores the multifaceted relationship between tariffs and consumer prices in the auto industry, as well as challenges in defining what constitutes an 'American-made' vehicle amidst global supply chains. Additionally, the discussion touches on the significance of private sector growth for economic stability, the dynamics between government and private employment, and recent political developments impacting trade policies.