Posted on 10/06/2018 10:29:04 PM PDT by Zhang Fei
The China card was something Mexico and Canada were ready to play against the Americans when Donald Trump first came to power under a unilateralist banner of “America First”.
Who knew how far this volatile and inconsistent leader in Washington was willing to go after he denounced the North American Free Trade Agreement (Nafta) – which formed the basis of trade between the three countries for 24 years – as the worst trade deal in the history of his country?
But when the three sides have finally agreed on a replacement trade pact – the so-called United States-Mexico-Canada Agreement (USMCA) – should anyone be surprised that the latter two countries were ready to blow off the Chinese at the insistence of the US?
Article 32.10 in the preliminary agreement – which still has to be ratified by all three governments and so is by no means a done deal – gives Washington virtual veto power over any bilateral deal Canada or Mexico may wish to reach with “a non-market country”, for which read China. Any such deal could mean the end of the USMCA for that country.
This is perhaps the worst feature of the USMCA for Beijing, as it may become a template for future trade talks Washington holds with allies such as Japan, India and the European Union.
China presents itself as a defender of global free trade in the age of Trump, but its real fear is being isolated on multiple fronts, from trade to international politics and military competition.
It appears Article 32.10 was a last-minute demand made by the Americans, but there was probably little Canada and Mexico could or would do to resist it. To be sure, some lobby and business groups with interests in China have complained. The Asia Pacific Foundation of Canada
(Excerpt) Read more at scmp.com ...
Just saying.
China is running the largest trade surplus in the entire history of the entire world.
With America.
Right now...
Who knew how far this volatile and inconsistent leader in Washington was willing to go after he denounced the North American Free Trade Agreement (Nafta) – which formed the basis of trade between the three countries for 24 years – as the worst trade deal in the history of his country?
Must be hard for the Chinese media shill to talk with all that crow in his mouth.
Trump is going to tighten the screws on China continuously until the Chinese economy cracks, and then he will exploit the fractures. The commie leaders in China are in for the fight of their lives between now and the end of Trump’s second term, and hopefully longer if necessary.
Hell yeah
I knew something was wrong!
Please ... put me back on your ping list.
:^) Yeah, that can be arranged.
ROFL!
I already loaded your post history.
But thank you.
[Grin.]
“China presents itself as a defender of global free trade in the age of Trump, but its real fear is being isolated on multiple fronts, from trade to international politics and military competition.”
Which is the reason that President Trump is working so hard at trying to cut that surplus. It will change in our favor.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.