User: flenvcenter Topic: Economics and Jobs-National
Category: Trade
Last updated: Nov 30 2018 20:52 IST RSS 2.0
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Trump signs new trade agreement with Mexico and Canada 30.11.2018 Minnesota Public Radio: Law & Justice
President Trump signed the new U.S. Mexico Canada Agreement -- or USMCA -- in Buenos Aires Friday, using the backdrop of the G-20 Summit to resolve a trade crisis with America's closest neighbors.
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China, Japan Push for Free Trade 27.10.2018 Wall St. Journal: Asia
The leaders of China and Japan said they would work together as defenders of free trade, moving ahead with warming ties as both face tough trade fights with President Trump.
WTO's Ottawa Meeting Doesn't Address U.S. Gripe With China 26.10.2018 Wall St. Journal: World
The primary focus of the gathering was WTO’s court system, with the 13 participants pushing for a resolution to U.S. moves that threaten to cripple the organization’s dispute-settlement mechanism.
The Trade Strategy We Need 24.10.2018 American Prospect
This article appears in the Fall 2018 issue of The American Prospect magazine.  Subscribe here .  Hardly a week goes by without another U.S. tariff hike on China, Mexico, Canada, or one of our European allies. Different justifications are given each time: to stop Mexicans from immigrating to the United States, to shrink the trade deficit, to make China and Germany play by the rules, and of course, to “make America great again.” But Trump’s tariff tantrum is doomed to fail because it isn’t driven by a clear idea of what is wrong with the system. His policies will inflict pain on the United States and across the global economy, and crack the foundations of the international system. Worse, they are not part of an underlying economic strategy to restore balanced and equitable growth in the U.S. and world economy. The one real bright spot is that Trump’s actions have revived an overdue debate about reform of the global trading system. Argument has been going on for decades, while trade policy was made by a ...
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WTO Members Work to Overhaul Trade Watchdog Amid Trump's Criticism 24.10.2018 Wall St. Journal: World
President Trump’s complaints about the World Trade Organization have prompted American allies to seek ways to overhaul the body before the U.S. protest effectively cripples the global commercial arbiter by the end of next year.
Mexico’s Hopeful New President 22.10.2018 American Prospect
This article appears in the Fall 2018 issue of The American Prospect magazine.  Subscribe here .  The election of the left populist Andrés Manuel López Obrador as president of Mexico is a historic breakthrough for progressives there. It could also offer progressives in the United States a path out of their own political stalemate on immigration and trade. In his third run for president, 64-year-old “AMLO” broke open the piñata of Mexican politics that had been tightly sealed by neoliberal oligarchs since the early 1980s. He won 31 of the 32 Mexican states, taking 53 percent of the total vote. His coalition, led by the political party he organized just four years ago, swept to control in both houses of the Mexican Congress. As in his past campaigns, López Obrador was demonized in most of the media as a Latin American caudillo like Hugo Chavez, who would bring Venezuela-type chaos, or the Mexican version of the despised Donald Trump. The comparisons are pure propaganda; López Obrador has no connection with ...
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Goodbye Nafta. Hello...USMCA? Musca? AEUMC? You-Smacka? 17.10.2018 Wall St. Journal: World
The U.S., Mexico and Canada agreed to replace the North American Free Trade Agreement, but nobody agrees on what to call it; votes for T-MEC
Trump tariffs toll on Pa. industry: $98M extra for steel and an anxious business climate 12.10.2018 News
A group representing Pennsylvania toy manufactures, distillers, hog farmers, and retailers gathered in Philadelphia for a town hall meeting to sound the alarm on President Trump's escalating trade war with China.
Nafta Rewrite Won't Boost U.S. Growth, Economists Say 11.10.2018 Wall St. Journal: US Business
The new U.S. trade pact with Canada and Mexico is unlikely to boost economic growth or manufacturing employment, according to most economists surveyed by The Wall Street Journal.
Is there life after NAFTA? 11.10.2018 - News for the rest of us
Mel Watkins Like all sensible folk, I was opposed to the NAFTA at the outset, convinced that it did more for corporations than for the rest of us. I'm still of that view. Is it possible that the biggest change is in the name itself, from NAFTA to USMCA, so that Trump can boast that he delivered on his promise to get rid of NAFTA? A number of commentators on both sides of the Canada-U.S. border have written -- in the words of John Ibbitson in The Globe and Mail -- that the USMCA is "essentially the old NAFTA tilted more in America's favour." Is that all there is? Firstly it's quite a tilt -- like the U.S. keeping a special tariff on aluminum and steel from Canada, on the grounds, believe it or not, of national security. Talk about absurdly fake facts. Let's go back to the beginning in the late 1980s. The U.S. and Canada had just signed the Free Trade Agreement FTA when, with the ink hardly dry, the U.S. insisted on adding Mexico. We thought we'd made a one-on-one deal, a special arrangement that got us ...
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U.S. shuts down Canadian trade talks with China, sets sights on EU and Japan 9.10.2018 - News for the rest of us
World After the United States signed the United States-Mexico-Canada Agreement (USMCA) with Canada and Mexico, senior Trump administration officials fanned out to sell the deal as part of a new American geopolitical strategy. In ongoing talks with Japan and the European Union (EU), the U.S. plans to use the precedent created by a concession granted in the USMCA to advance the American goal of isolating and punishing China for its trade practices. Having extracted from Canada and Mexico -- in Article 32:10 of USMCA -- a promise that they would not sit down to negotiate a trade agreement with a non-market country -- like China -- without getting approval from the U.S., the United States Trade Representative Robert Lighthizer plans to get Japan and the EU to accept the same constraint. The Chinese Embassy in Ottawa reacted vigorously to the non-market clause, calling it "dishonest behaviour" and objecting to the exercise of U.S. dominance. U.S. Commerce Secretary Wilbur Ross described the non-market clause ...
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From the front lines of NAFTA, more relief than rejoicing 8.10.2018 Minnesota Public Radio: Business
The new deal to replace NAFTA includes modernizations and improvements. But the biggest benefit, for many sectors, is simply that there is a deal — reducing the uncertainty of previous months.
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Trump Aims to Model New Trade Deals on Revised Nafta 4.10.2018 Wall St. Journal: US Business
The Trump administration aims to step up trade talks with other countries, using its new pact with Canada and Mexico as a template for redefining rules on everything from foreign exchange and labor markets to how U.S. partners do business with China.
A Trade War America Can't Afford to Lose 4.10.2018 Wall St. Journal: Opinion
The stakes are so high, a Nafta-like rewrite would be a disaster.
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New Nafta Shows Limits of 'America First' 3.10.2018 Wall St. Journal: US Business
To free traders, the new Nafta is a bitter pill to swallow. But the verdict is different when judged by a different standard—how the world’s trading system survived the most protectionist U.S. administration in memory. 
Nafta Rewrite Eases Threat of Auto Tariffs on Economy 3.10.2018 Wall St. Journal: US Business
The rewrite of Nafta lifts a cloud from a significant portion of the U.S. economy by eliminating a Trump administration threat of 25% tariffs on auto imports from Mexico and Canada, two big sources of cars sold in the U.S.
Did we really defeat Chapter 11 in NAFTA? 2.10.2018 - News for the rest of us
Brent Patterson In the recently announced United States-Mexico-Canada Agreement (USMCA), Prime Minister Justin Trudeau and U.S. President Donald Trump have reportedly agreed to "phase out" the controversial Chapter 11 investor-state dispute settlement provision. But Brock University political science professor Blayne Haggart suggests that "six-year mandatory review" provision in the USMCA has ominous implications in this regard. Article 34.7 ( covering review and term extension) of the USMCA states, "No later than the sixth anniversary of the entry into force of this Agreement, the Commission shall meet to conduct a 'joint review' of the operation of the Agreement, review any recommendations for action submitted by a Party, and decide on any appropriate actions." Haggart argues, "The spectre of this review would likely make Canadian policy-makers hesitant about implementing policies that may upset the United States and thus threaten the entire economic relationship." He adds, "This effect would be ...
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The good, the bad and the ugly in NAFTA 2.0 2.10.2018 - News for the rest of us
Sujata Dey At midnight on Sunday, Canada and the U.S. agreed on a new NAFTA deal, one which would now be called the USMCA, the U.S.-Mexico-Canada Agreement. Here is the good, the bad and the ugly within the agreement. Good news first No Chapter 11 between the U.S. and Canada For many years, the Council of Canadians and others have been advocating to get rid of Chapter 11, the investor-state dispute-settlement (ISDS) process. These are the provisions that allow corporations to sue countries over decisions, even if they are made in the public interest. For years, Canada has faced corporate lawsuits that made provinces renounce public auto insurance, accept toxins and pay for refusing dangerous quarries. Now, at the request of the U.S., there will be no ISDS process between U.S. and Canada. This is a paradigm shift for Canada, which has been actively promoting the mechanism in deals such as the Comprehensive Economic and Trade Agreement with Europe (CETA) and the new Trans Pacific Partnership (TPP),and the ...
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Conservatives would have fought harder to protect Canadian dairy farmers? Don't believe it! 2.10.2018 - News for the rest of us
David J. Climenhaga A lot of Canada's Conservatives were wearing long faces yesterday about the impact of the freshly inked United States-Mexico-Canada Agreement on this country's dairy industry. As political sins go, this small hypocrisy is a minor one. Why not let the sitting government take the rap for a treaty with our big, bullying neighbour that is certain to be unpopular with a small but vocal and well-financed group of voters inclined to support Conservatives anyway? What's more, the current leadership of the Conservative Party of Canada can hardly fail to be mindful of the fact Andrew Scheer became leader last year in large part because he took the side of the dairy lobby against the ideological market-fundamentalism of his rival Maxime Bernier, who for much of the leadership race appeared to be the frontrunner. Just the same, you shouldn't believe them. Movement conservatives have been salivating at the prospect of dismantling supply management in dairy, poultry and eggs for decades. Why do you ...
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A New Nafta Relief 2.10.2018 Wall St. Journal: Opinion
The new deal is worse than the status quo, but disaster was avoided.
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