For the USMCA, which will replace NAFTA, to become law, it has to be ratified by lawmakers from the U.S., Canada and Mexico by the end of this summer. In a significant development, Canada took the first step toward ratifying… Read More ›
Canadian
Poland arrests Huawei employee and Polish national over espionage
The story gets interesting since the Polish national is a former agent of Poland’s internal security agency. On Friday, in a development that yet again points the finger of accusations at Chinese telecom giant Huawei, Poland has arrested a Chinese… Read More ›
Mitsubishi Heavy Industries to sink in $2 billion into its aircraft-making unit: NHK
Mitsubishi’s aircraft project is of strategic value to Japan since it marks is first attempt to make passenger jets since the 1960s. On Tuesday, Japanese news agency NHK reported, Mitsubishi Heavy Industries is likely to inject $2 billion (220 billion… Read More ›
USMCA does not impact bilateral agreement: Mexican Foreign Minister Luis Videgaray
Although U.S. Commerce Secretary Wilbur Ross had termed a provision of the USMCA as a “poison pill”, Mexico and China have agreed to interpret it differently: they have emphasized that it does not impact bilateral trade relations between countries that… Read More ›
Trump to sign USMCA in November
The new trade deal will be called United States-Mexico-Canada Agreement (USMCA). According to a senior U.S. official, the United States intends to sign a new trade agreement with Mexico and Canada at the end of November 2018. The signing will… Read More ›
Canadian Foreign Minister Chrystia Freeland to travel to Washington for NAFTA negotiations
Canadian Foreign Minister Chrystia Freeland briefed Prime Minister Justin Trudeau twice in the spate of the 2 hours. For the second time in a few hours, Canadian Foreign Minister Chrystia Freeland briefed Canadian Prime Minister Justin Trudeau on the ongoing… Read More ›
U.S. Dollar touch 11 month as trade feud escalates with China
Although previous protectionist efforts by the U.S. have weakened the dollar, Trump’s trade war rhetorics have, contrary to expectations, strengthened the dollar against a basket of major currencies. With U.S. President Donald Trump threatening to impose 10% tariffs on $200… Read More ›
Japan to join EU, Canada and Mexico in WTO against U.S. steel tariffs
Under the WTO’s dispute settlement process, holding consultations is the first step. It is not clear whether the U.S. will agree to such a request. As per a source in the Japanese government with direct knowledge of the matter at… Read More ›
U.S. trade action risks alienating key allies
Although Trump’s ‘America First’ policy looks good on paper, the way it is being implemented could see more than 2 million jobs being lost n the very states that voted for Trump and his candidates. Following the imposition of stiff… Read More ›
Boeing decides to not appeal against U.S. International Trade Commission’s ruling in Bombardier’s CSeries jet case
The Canadian government is currently holding a tender, for fighter jets, worth between C$15 billion and $C19 billion. As per a statement made by a Boeing’s spokesman, the airplane maker will not go on appeal against the U.S. trade… Read More ›
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