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The Open Question · October 05, 2026

Could Tariffs and a U.S. Debt Crisis Set Up Canada's Next Boom? (0013)

Who really pays for tariffs, and how do they affect prices, jobs and economic growth? Ruth and Luke explain supply and demand before examining U.S. national debt, rising bond yields and the outlook for China, Europe and Canada. They test whether Canada's resources and financial position could support its next boom, while questioning the assumption that an American downturn would automatically leave Canadians better off.Go deeper:Who actually pays tariffs — https://www.tarifftax.org/analysis/who-really-paysTariffs, explained — https://en.wikipedia.org/wiki/TariffU.S. national debt — https://en.wikipedia.org/wiki/National_debt_of_the_United_StatesCanada-US trade relations — https://en.wikipedia.org/wiki/Canada%E2%80%93United_States_trade_relations