Canada and the US were once great friends, allies and trading partners. They had disagreements on various domestic and international matters, wars and military conflicts. They didn’t always see eye-to-eye on trade negotiations related to the auto sector, acid rain, softwood lumber and more. Nevertheless, the two countries always found a way to return to

Canadian Prime Minister Mark Carney drew international attention earlier this year by warning that middle powers such as Canada must resist economic coercion.

Carney said Washington introduced language in the final hours of negotiations that would have restricted Canada’s ability to make trade deals with other countries.

Both economies would lose heavily from a prolonged trade war

A protracted spat could inflict damage on Canada’s economy or trigger a recession