Part 5/10:
The interdependence between the U.S. and Canada is crucial here. Canada exports approximately 4.4 million barrels of crude oil daily to the U.S., constituting about 60-70% of total U.S. crude imports. Any disruption in this supply chain threatens not only local Canadian economies but could also lead to soaring energy prices for American consumers at a time when they should ideally be decreasing.
The stakes are high, and analysts warn that this trade war, if not handled delicately, threatens to push the U.S. economy into a recession, leading to a significant downturn that would ripple across both nations.