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Trump Clears Deck For China Trade War by Striking New NAFTA Deal

Posted October 02, 2018

Under Economic Issues, International Trade Issues

(Rich Miller, Andrew Mayeda & Jenny Leonard – Bloomberg)

President Donald Trump looks to be preparing for a potentially protracted economic war with China by clearing the decks of disputes with America’s other trading competitors.

In just the last few weeks, he’s struck a last-minute deal with Canada and Mexico, signed a trade agreement with South Korea and convinced Japan to begin bilateral economic negotiations. The North American accord also includes provisions seemingly aimed at keeping Chinese products out of the region.

“Several months ago the U.S. had a multi-pronged attack on its trading partners,” said Dec Mullarkey, managing director for Sun Life Investment Management which oversees US$47 billion in assets. “Now the U.S. can zero in on China.” Click here to read more.