US deals with Canada, Mexico in pipeline: prelude to an expanded trade push against China?
Analysts suggest that recent US trade deals with Canada and Mexico, following import tariffs, may signal a broader trend of countries aligning trade policies with the US to avoid punitive measures, particularly concerning China. This comes after the US imposed 25% tariffs on imports from both Canada and Mexico, prompting immediate discussions to demonstrate improved trade practices.
While US Secretary of Commerce Howard Lutnick highlighted talks with Canada and Mexico, he made no mention of discussions with China, despite the US imposing additional tariffs on Chinese imports. This has led some analysts to believe that the US strategy involves containing China by building a network of countries with aligned trade rules. The economic dependence of Mexico and Canada on the US makes them more likely to comply with US demands, especially given signs that they were already considering a firmer stance on China before the tariffs were imposed.
via SCMP Full Text Feed
Analysts suggest that recent US trade deals with Canada and Mexico, following import tariffs, may signal a broader trend of countries aligning trade policies with the US to avoid punitive measures, particularly concerning China. This comes after the US imposed 25% tariffs on imports from both Canada and Mexico, prompting immediate discussions to demonstrate improved trade practices.
While US Secretary of Commerce Howard Lutnick highlighted talks with Canada and Mexico, he made no mention of discussions with China, despite the US imposing additional tariffs on Chinese imports. This has led some analysts to believe that the US strategy involves containing China by building a network of countries with aligned trade rules. The economic dependence of Mexico and Canada on the US makes them more likely to comply with US demands, especially given signs that they were already considering a firmer stance on China before the tariffs were imposed.
via SCMP Full Text Feed
