No. of Recommendations: 2
And here's the bottom line:
Keeping Chinese supply chains out of North America is the core of the USMCA renegotiation and, further underscoring Canada’s strangely unreasonable position, Mexico seems perfectly comfortable going along with it. Peter Harrell has more on the importance of reworking rules of origin. I also wrote about this in the Financial Times last year: “A USMCA premised on balanced trade and the exclusion of non-market economies would represent a revolution in trade law and international relations”.
The EU can't figure out that China has a stated goal of making them 100% dependent on...China. They're charging headfirst into a future where Beijing more or less owns them. That's a hard NO from us over here and again, if that's what Canada wants so as to spite the Bad Orange Man, so be it.
Maybe I'll buy a condo in Vancouver when the Canadian dollar is valued like the peso.
