The winners and losers of new Nafta

The winners and losers of new Nafta

MetriCan, which has facilities in Canada (Burlington and Oakville), the U.S. (Tennessee), and Mexico (San Luis Potosi), is a supplier of tooling and stamped metal components for the automotive industry.

On Oct. 1, the U.S., Canada and Mexico reached the new trade agreement which is expected to be signed next month and put to a vote by Congress within 60 days of its signing.

The administration has responded not only with tariffs on Chinese exports but also with new restrictions on Chinese investment in the US and a military buildup of its own. "It's using wedge issues, like trade tariffs, to advance Beijing's political influence".

"Worst of all, China has initiated an unprecedented effort to influence American public opinion, the 2018 elections, and the environment leading into the 2020 presidential elections", he said.

"As the boost from tax reform fades, firms with the ability to maintain or expand profit margins will become increasingly scarce and will likely be rewarded by investors", he said, according to CNBC.

He said America had hoped that economic liberalisation would bring China into greater partnership with USA and with the world, but China has chosen economic aggression, which has in turn emboldened its growing military. "While I understand why people see this provision as a bit of an infringement on Canadian sovereignty, that's not typical of an FTA", said Matthew Kronby, a Toronto-based trade lawyer at Borden Ladner Gervais LLP.

The value of US agricultural trade with Canada and Mexico exploded under the North American Free Trade Agreement, with USA exports jumping from $8.7 billion in 1992 to $38.1 billion in 2016.

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Washington has long cited China as a major culprit in the hacking of US government and corporate databases.

Pence also said China had deployed anti-ship and anti-air missiles on artificial islands in the disputed South China Sea, despite promises not to militarize them. And one that I did not think they would get, in particular in the area of dairy....

The Department of Homeland Security's own chief however disputed that there has been any attempts by foreign adversaries, including Russian Federation and China, meant to interfere in the U.S.' election infrastructure. It said these include specialized alloys and rare earth metals.

The trade spat between the top two economies of the world began in April with Trump imposing tariffs on steel and aluminum imports into US. "China is just very different and very hard".

"For example, Google should immediately end development of the "Dragonfly" app that will strengthen Communist Party censorship and compromise the privacy of Chinese customers...", Pence added. But he pointed to a document Beijing circulated in June titled "Propaganda and Censorship Notice", which laid out a broader influence campaign, similar to Russia's ongoing disinformation campaign against the U.S.

- Senior Chinese officials have tried to influence business leaders to condemn USA trade actions, "leveraging their desire to maintain their operations in China".

Noting that Beijing is also cracking down on Buddhism, Pence said over the past decade, more than 150 Tibetan Buddhist monks have lit themselves on fire to protest China's repression of their beliefs and culture. They've been decimated. The farmers are going to come out great. "Even scholars and groups who avoid Chinese funding are targeted by that country, as the Hudson Institute found out firsthand", he said. "We are grateful for the Administration's and the U.S. Trade Representative's stern and ardent support of the U.S. dairy industry", said Ryan.

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