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Economist Warns Canada US Trade Stall
The article indicates that the trade relations between Canada and the United States are heading toward a deadlock due to escalating disputes and reciprocal measures between the two countries, especially after the United States canceled a trade agreement approved by the U.S. Congress. Canada responded by taking countermeasures. The volume of trade between the two is estimated to be between $900 billion and $1 trillion, making it larger than the United States' trade with China, the UK, and Mexico combined, with a trade deficit in favor of Canada amounting to $27 billion annually. An economic expert considers the situation surprising, particularly since the disagreements focus on the cancellation of a significant agreement, despite the large and important trade relationship between the two, often signaling potential escalation of economic tensions between them.
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