Not exactly true anymore. I’m citing here an extract from an article published today:Canadian economy is so much smaller and the bully always wins.
"The United States now only accounts for 16% of world trade. Their GDP in purchasing power parity represents 15% of the world economy. In 1985, the United States was worth 35% of the world economy."
The leverage economical power of the USA has significantly diminished in the last 40 years. During this period there has been multiple trades agreement a signed between developed countries. Canada has the higher numbers in terms of the amount of treaties signed with other economic partners. So this is feud with Trump will hurt us(it already has), but give it 3-4 years and the deficit will end up being absorb with new markets.
The remaining question will, by then, be : how do the rest of the world perceive the USA as a potential business partner?
The one thing that a vast part of the US population doesnt seem to realize is how harmful a 4 years mandate under Trump can be, when facing the rest of the world (G20)!