Canada Just Said NO to the U.S. — And Now Everything Changes

Описание: The United States handed Canada an ultimatum. Ottawa responded with a single word: No. In this complete three-part breakdown from The Lost Economy, we unpack the most significant shift in North American trade relations in decades. From the White House demands on dairy and digital taxes, to the internal chaos in Washington, to the quiet restructuring of the Canadian economy—this is the full story of what happened, why it matters, and where we go from here.

VIDEO CHAPTERS:
0:00 - The moment Canada rejected the US demands
2:30 - What the US actually asked for (and why it was a dealbreaker)
5:45 - Why Canada decided to finally stand its ground
9:15 - The immediate market chaos and political fallout
12:00 - How American businesses started turning against the White House
15:30 - The three ways this could end (and what it means for your wallet)
19:00 - The global ripple effects and what comes next


KEY SOURCES & FURTHER READING:

📰 On the US threat to overhaul or exit the trade agreement entirely:

New York Times / Tacoma News Tribune: "Trump Mulls a North American Trade Pact Without Canada"
🔗 https://www.nytimes.com/2025/12/09/us...

HK01 / NYT: "美媒：美国威胁大改北美贸易协议 甚至把加拿大排除在外"
🔗 https://www.hk01.com/世界專題/602487/美媒-美...

📊 On the economic impact of tariffs and trade uncertainty:

Bank of Canada Monetary Policy Report (January 2026): "Canadian Outlook" – Official analysis of how US tariffs are affecting GDP, investment, and inflation
🔗 https://www.bankofcanada.ca/2026/01/m...

Bank of Canada: "Risks" section – Geopolitical uncertainty and CUSMA review scenarios
🔗 https://www.bankofcanada.ca/2026/01/m...

CTV News: "Ruling on U.S. tariffs not a clear win for Canadian businesses: experts"
🔗 https://www.ctvnews.ca/business/rulin...

CityNews Toronto: "Canadian leaders warn of ongoing trade threat" – Unifor and Doug Ford respond to tariff rulings
🔗 https://toronto.citynews.ca/2026/02/1...

🏭 On manufacturing slowdown and jobs:

Finimize: "Canada's Manufacturing Slump Tests USMCA Optimism" – National Bank of Canada analysis
🔗 https://finimize.com/content/canada-m...

CBC News: "Race to export beyond U.S. picks up as tariff squeeze grips Canada" – GM layoffs, diversification challenges, and supply chain realities
🔗 https://www.cbc.ca/news/business/cana...


Yahoo Finance: "Macklem says loss of CUSMA would mean recession for the Canadian economy" – Bank of Canada governor warns of worst-case scenario
🔗 https://ca.finance.yahoo.com/news/mac...

🌉 On the Gordie Howe International Bridge dispute and US negotiation tactics:

TVB News /綜合分析: "特朗普挾邊境新橋 加拿大陷外交經濟兩難" – Analysis of Trump's bridge threat and its link to trade talks
🔗 https://news.tvb.com/tc/world/6789abc...


#USEconomy #Canada #TradeWar #CUSMA #Tariffs #TheLostEconomy #Geopolitics #NorthAmerica #EconomicsExplained #TradePolicy