Globalists Will Love Trump’s New Nafta Deal

Despite the new name (the U.S.-Mexico-Canada Agreement, or USMCA) dropping any references to trade, let alone freedom, the tariff rates on imports from Canada and Mexico are still a mass of zeroes. The main new element – the abolition of a variety of milk Canada introduced last year to support its domestic dairy industry – is ultimately an anti-protectionist move. The main old element is some fiddling around Nafta’s rules on automotive trade which, as we’ve argued previously, aren’t likely to change much.

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Global Stocks Slip on Report China Calls off US Trade Talks – Gold Silver Reports

The U.S. and China officially began taxing larger amounts of each other’s goods Monday, and the Wall Street Journal reported that China pulled out of talks that could have led to a new round of negotiations to end the trade war. Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst declines among American stocks.      

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Chinese New Tariffs Will Be On $60Bln Worth Of US Goods

The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between the world’s two largest economies.

China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.

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