trade
Canada’s response on tariffs won’t be bound by USMCA: negotiator
Trade negotiator Steve Verheul says what actions Canada takes depends on what the US does.
China defends WHO, lashes out at US move to withdraw
Calls the move “another demonstration of the US pursuing unilateralism, withdrawing from groups and breaking contracts.”
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Biden proposes $700B-plus `Buy American’ campaign
Proposes tightening current Buy American laws easily circumvented by government agencies.
Trade deficit narrowed in May as exports rose, imports fell again
Contracted to $677 million in May compared with $4.3 billion in April.
Lighthizer promises enforcement as USMA comes into force
USTR has named 10 people to its roster of arbitrators under the agreement’s dispute-settlement mechanism.
Mexico celebrates start of new trade accord with US, Canada
Obrador says the trade agreement provide greater certainty to the three countries in their commercial relationships.
Trade experts urge heads-up approach as USMCA comes into force
More than a NAFTA update, risk of running afoul of the deal’s new rules or leave money and new prosperity on the table.
Companies prodded to rely less on China, but few respond
Drug makers looking to reduce reliance but consumer electronics, medical devices and other industries are hanging in.
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Tough talk, tariff threats resurface as USMCA readies for its debut
Trump’s “iron fist of zero-tolerance enforcement” aimed at aluminum looms large.
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Trade confidence plunges, pandemic drives EDC index to an all time low
Almost three-quarters of survey respondents said the pandemic has had a negative impact on their sales.
US to investigate Canada’s ‘unfavourable’ new Great Lakes shipping rules
Shippers claim ballast water release standards are unfair, overly costly and designed to drive them out of cross-border shipping.
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USMCA poised to star in trade spotlight as White House sours on China
Election coming and Trump will want to point to the agreement as one of the few enduring triumphs of his fraught first term.
Business with China declined amid tensions, trade war and COVID-19
43% of Canada China Business Council survey respondents reported business was down in 2019-2020 period following a record 2018.
China uses trade as weapon to silence virus criticism
Some Australian beef imports blocked after government called for a robust inquiry into the outbreak and rebuffed Chinese demands to back off.
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Dumping protection: SIMA amendments take on trade cheats
Manufacturers are empowered to deal with unfair foreign competitors more effectively.
