Tariffs and Economic Uncertainty

This chapter explores the impact of recently imposed tariffs on the economies of Canada and the United States, emphasizing the potential for recession in Canada and rising inflation rates. The discussion highlights the significant market volatility caused by these tariffs, reminiscent of the early COVID-19 period, and underscores the uncertainty surrounding future trade relations. Additionally, it examines the Federal Reserve's cautious approach and the potential long-term consequences of the tariffs on employment and market stability.