The deal once known as NAFTA could effectively become “HALFTA” assuming the U.S. and Canada don’t make any trade negotiation progress over the next three days, according to an analysis of likely outcomes.

There are four “endgame scenarios” in the trilateral talks between the U.S., Mexico and Canada, wrote Chris Krueger, managing director at Cowen Washington Research Group.

None paint a particularly rosy outcome, with the bleakest outlook one that Krueger called “blow it up and make America an island” as President Donald Trump hardens his desire to reduce the swelling U.S. trade deficit.

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