The Effect of Tariffs on International Energy Trade

Explore the intricate world of international energy trade in "The Effect of Tariffs on International Energy Trade." This course provides a rigorous examination of the regulatory, legal, and economic dimensions of recent protectionist measures, with a primary focus on the 2025 trade hostilities between the United States and Canada.

You will gain a comprehensive understanding of how executive orders and tariff structures reshape the North American energy landscape, impacting crucial commodities like crude oil, liquefied natural gas, and electricity. We delve into legal authorities such as the International Emergency Economic Powers Act and analyze the International Trade Closeness Model to quantify the effects of trade restrictions.

Key learning outcomes include:

• Understanding the historical and legal evolution of US trade policies and the novel application of emergency powers.
• Analyzing the US-Canada trade conflict timeline, specific tariff structures, and reciprocal government responses, including retaliatory measures from Canadian provinces.
• Investigating the legal frameworks of CUSMA (USMCA) and WTO rules, and the challenges of dispute settlement under national security exceptions.
• Applying the International Trade Closeness Model to measure and visualize the impact of tariffs on major sectors (agriculture, manufacturing, heavy industry, services).
• Assessing the implications of internal Canadian trade barriers and the complexities of interprovincial energy regulation.
• Forecasting economic outcomes such as stagpression and the strategic shift towards geographical economic compartmentalization.
• Developing strategies for export diversification and internal market reform to enhance Canada's energy sector resilience.

Join us to dissect the global ramifications of these trade dynamics, compare North American strategies with those of Europe and China, and synthesize complex factors to forecast future economic outcomes in the energy sector.