What if Canada and the united states no longer traded goods and services, what do u think wud happen?
What do you think?
Total chaos for both countries.
Just 2 examples:
Canada is the #1 supplier of oil for the US, so what do you think would happen if that supply stopped.
On the other hand, with only 30 million people Canada needs the US to buy many of its manufactured products.
We are each other's largest trading partners and form the largest amount of trade between any two countries.
BTW, I am Canadian
The U.S. sells about 20% of its exports to Canada. If this trade was no longer possible, both countries would be devastated.
BTW, I'm a U.S. citizen.
If Canada and the United States were to stop trading goods and services, several consequences could arise:
1. Economic Impact: Both countries heavily rely on each other for trade, and the sudden halt in business activities could result in economic disruptions. Both nations would face significant challenges in finding alternative trading partners quickly.
2. Reduced Consumer Choices: A lack of trade between Canada and the United States would mean reduced access to a wide range of products and services for consumers in both countries. This could lead to higher prices, limited choices, and potential shortages of certain goods.
3. Job Losses: The trade relationship between Canada and the United States supports millions of jobs in various industries. If trade was abruptly stopped, job losses would be inevitable in sectors relying heavily on cross-border trade.
4. Impact on Industries: Certain industries, like automotive, manufacturing, agriculture, and energy, have deeply intertwined supply chains across the Canada-US border. A disruption in trade could lead to a decline in competitiveness, plant closures, and negative consequences for workers and companies in these sectors.
5. Geopolitical Relations: The trade relationship between Canada and the United States has significant geopolitical implications. Historically, both countries have maintained a strong economic partnership, which has helped foster a close political alliance. A disruption in trade could strain diplomatic relations and lead to potential conflicts.
To form a comprehensive understanding of the exact consequences, one could explore economic studies, talk to experts, analyze historical trade disruptions, and monitor the industries and markets impacted by any cessation of trade between the two countries.