Trade between the United States and Canada has been a reoccurring topic for months, particularly following the July news that the United States would not renew the USMCA trade agreement. As a result of this decision, annual reviews of the trilateral agreement will be conducted until the parties can come to an agreement. 

Historically, the trade relationship between the United States and Canada has allowed an abundance of goods to move between the two countries ranging from energy resources like crude oil and natural gas, agricultural products, and automotive goods. In the last two years, trade tensions between the two countries have heightened, creating additional trade barriers particularly through tariffs targeting key sectors and subsequent retaliatory tariffs. A detailed look into the one of the largest global bilateral trade relationships provides meaningful insight...