'New NAFTA' pact shores up support for President Trump

07 October, 2018, 03:45 | Author: Kim Reid
  • 'It's like a death by a thousand cuts': Manitoba dairy farmers react to new trade agreement

Pence is accusing China of using trade, diplomatic overtures and military expansion to spread its influence around the world and to work against USA interests.

At the same time, Pence said Trump continues to forge a "strong personal relationship" with Chinese President Xi Jinping.

The new deal, called the United States-Mexico-Canada Agreement (USMCA), was meant by U.S. President Donald Trump to create more jobs in the United States.

"To put it bluntly, President Trump's leadership is working", Pence said during a speech at the conservative Hudson Institute think tank in Washington. "China is just very different and very hard".

The Trump administration is targeting China and views trade negotiations with other nations as a way to set the stage.

"The big thing that's missing is addressing the retaliatory tariffs", said Daniel Kowalski, an economist and vice president of CoBank's Knowledge Exchange division.

The other two countries in USMCA would then have time to review the full text of whatever agreement is reached to assess what impact it would have on the USMCA, and allow for a country in the deal to trigger the six-month pullout mechanism to withdraw from the USMAC if they don't like the new deal their partner is making.

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"China sectors such as energy, IT and industrials will be most impacted based on our analysis, while sectors such as real estate, insurance, diversified financials, telecom and utilities generate virtually no revenue from the U.S", the team wrote.

"They told me they were anxious", Trudeau said of his meeting with milk producers. "I said we understand that and we pledged to work with them", he told reporters in televised remarks. And one that I did not think they would get, in particular in the area of dairy....

"Another part of it is trying to distract attention from the real threat, which is Russian Federation", he said. The two countries have imposed increasingly severe tariffs on each other.

"For example, Google should immediately end development of the "Dragonfly" app that will strengthen Communist Party censorship and compromise the privacy of Chinese customers...", Pence added.

Google declined comment, except to reiterate that its China search engine project was "exploratory" and not close to launch.

Flags of United States and China are placed for a meeting at the Ministry of Agriculture in Beijing, China, June 30, 2017. Apple Inc and Amazon denied the report.

The official said the re-evaluation came after China failed to respond as expected to the offer of greater political engagement by improving human rights and relaxing restrictions on markets and intellectual property.

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He accused Beijing of "reckless harassment" in an incident on Sunday in which a Chinese naval vessel almost collided with a US destroyer near the Spratly islands.

"We recognize the symbolism of the gesture of Prime Minister Trudeau in offering to meet with our industry to hear our concerns firsthand", he said in a statement.

China said a Chinese warship had been sent to warn the US vessel to leave an area of irrefutable Chinese sovereignty.

The vice president pointed to an advertising supplement that China ran in the The Des Moines Register, which he said "cast our trade policies as reckless and harmful to Iowans".

Trudeau also signaled he's still interested in wooing Beijing.

Pence said Thursday that "while our administration will continue to respect our One China Policy".

"The local people, they were so enthusiastic about such cultural events", Cui said.

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