(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.
- The New NAFTA Deal Doesn’t Mean US-China Trade Relations Are About to Improve (CNBC)
- With New Trade Pact, Trudeau Dumps China For Trump: Experts (iPolitics)
- China ‘Threatened With Isolation’ by Veto Written Into US-Mexico-Canada Trade Deal (SCMP)
- Donald Trump’s New NAFTA is the Blueprint For His Trade War With China (Quartz)
- Trump’s Trade Victories Mean the White House Can Now ‘Focus all Its Ire on China’ (CNBC)