Yuhan Liu

A Literature Review of the U.S. Canadian Trade Relations and Scenarios on Impacts of Tariff Changes Proposed

Started Mar. 28, 2025

Abstract or project description

A Literature Review of the U.S. Canadian Trade Relations and Scenarios on Impacts of Tariff Changes Proposed Yuhan Liu

Abstract This paper presents the following: The importance of this research paper – U.S. and Canadian national economies, economics of major industries of trade, employment, and public attitudes/political impacts A historical review of the U.S. Canadian trade relations – overall and five major industries of trade Scenarios on the impacts of tariffs changes proposed – optimistic, realistic, and pessimistic case scenarios

The Impact of Minimum Wage Increases on Automotive Production: A Comparative Analysis of the United States, Japan, and China

Started Apr. 17, 2024

Abstract or project description

This study explored the effect minimum wage has on automotive vehicle production, with data analysis from the United States, Japan, and China. Existing research has examined the benefits of minimum wage on R&D and long-term production and its theoretical impact on trade positions. This study aims to offer a more comprehensive answer through case studies and data collection focused on the automotive sector in selected countries. To analyze the impact of minimum wage on production, we collected data on major strikes leading to minimum wage increases in the United States, Japan, and China. We then ran a linear regression model to uncover the correlation between minimum wage fluctuations and automotive production during each respective year. Our analysis revealed a negative correlation between automotive production and minimum wage in the United States, whereas Japan and China exhibited a positive correlation. The observed disparities may be attributed to the variations in minimum wage levels, the availability of skilled workers, and the real wealth of each country. Other factors, such as government policies, economic cycles, and shifts in demand, may also significantly influence the impact of minimum wage on production levels. Future research should consider longer timeframes, more specific regional and industry segment analyses, and multivariate regressions to account for external factors and strengthen the causal link between minimum wage increases and automotive production.