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Originally Posted by Powderedmaggot
I'm sure the world could get along just fine without the US as a trading partner.
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Well no, not really. Emerging markets would crumble as they depend on the US market for exports.
One thing no one is really bringing up is oil. Canada is the top exporter of oil to the US, accounting for 15% of total imports according to DoE. Oil is the US' most important import bar none.
Any stoppage in Canadian oil exports to the US would have serious short term economic fallout for them(anyone remember the oil shocks of 1973, and 1979). And really, economic fallout would less for us in that worst case scenario, because there are several other states that would be MORE than willing to take over the imports of the natural resources we ship to the US; China, Japan and India come to mind.