The US-Canada 'divorce' and the $1.2 trillion fallout
The US and Canada are often referred to as North American cousins, but the family feud has turned bitter as their trading relationship falls apart.
The United States and Canada conduct over $1.2 trillion in trade annually, but recent trade negotiations have been strained. Canadian Prime Minister Mark Carney recently ended comprehensive trade talks with the US and Canadians are bracing for potential economic consequences. US President Donald Trump has threatened even higher tariffs, starting in the next year, but Canadians are willing to risk economic setbacks.
Former communications director for Conservative prime minister Stephen Harper, Kory Teneycke, believes Canada will push back and that Canada would prefer a deal, not a rollover, and that the proposed deal was extortion. White House trade advisor Peter Navarro accused Canadian negotiators of being "backstabbing, double-dealing people" and Ontario Premier Doug Ford called Trump "the type of guy in school that would take your lunch money."
Trump signed an order renaming Lake Ontario to Lake America, a move viewed as inappropriate by many. A recent poll found that three-quarters of Canadians approved of Carney's decision to end the negotiations, and his Liberal Party recently won three federal by-elections. Despite the high stakes, many Canadians believe their prime minister made the right call and have more time to resolve the issue.
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