The 72 hours that unraveled the US-Canada trade deal
US President Donald Trump announced a trade "deal" with Canada on Tuesday night, but the situation has since rapidly deteriorated, putting the roughly $1 trillion bilateral trade relationship at risk.
On Tuesday night, US President Donald Trump publicly announced that a trade "deal" had been reached between the United States and Canada. The announcement was seen as a significant step in the relationship between two of the world's closest trading partners.
A rapid turn
Within a matter of days, however, the situation began to sour. Developments following the initial announcement suggest the process between the two sides has started to fall apart. In the three days since the deal was unveiled, relations between Washington and Ottawa have grown noticeably more strained, and the agreement no longer appears as solid as it was first presented.
A major trade relationship at stake
The US-Canada trade relationship is valued at roughly $1 trillion, making it one of the largest and most significant bilateral economic ties in the world. The current deterioration raises questions about whether the recently announced deal will be implemented in full.
It remains unclear how events will unfold from here, or whether the two sides will be able to find a way to preserve the agreement and stabilize their trade relationship.
