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National & World Ag News Headlines |
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White House Weighs Tougher Options on NAFTA, China Trade
USAgNet - 01/16/2018
President Trump is considering slapping customs tariffs on Chinese imports, and exiting NAFTA after several trade disputes with Canada, and two reports on trade with mainland China have highlighted America's disadvantageous position in trade.
President Trump's protectionist agenda might prevail over concerns of the U.S. deepening trade deficits with mainland China, and Canada and Mexico. This despite last year the President has concluded several lucrative trade deals with Beijing, whilst making
some progress in the renegotiation of NAFTA.
Trump spoke with U.S. trade representative Robert Lighthizer Saturday, discussing trade with mainland China, and the ongoing attempts to modify the 23-year-old NAFTA agreement in order to revitalize US manufacturing. The Trump administration is
reportedly weighing slapping prohibitive customs tariffs on mainland China along with putting trade pressure on Canada and Mexico as well.
The Mexican, U.S. and the Canadian flags sit in the lobby where the third round of the NAFTA renegotiations are taking place in Ottawa, Ontario, this September.
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