USMCA is the new trade deal reached by the USA and Canada, replacing the outdated NAFTA. USMCA will constitute a single agreement with the bilateral agreement between Mexico and the USA held in August.
Tag: Swiss Franc
To the surprise (?) of many, Trump brought the US-Sino trade war to the next phase. The US administration imposed new tariffs just few days after USA’s invitation to China for another round of trade talks.
Trade uncertainty prevails in the markets. Trade disputes, highly affecting investors’ sentiment, have been their main concern since the beginning of 2018.
This week’s trade agenda is hot: Trump’s threats to exit WTO (World Trade Organization) and preparations to step up the trade war with China; NAFTA negotiations between Canada and the USA at the final stage; Juncker’s statements about tit-for-tat car tariffs if USA makes the first step.
U.S. businesses warn Trump administration that new tariffs on $200 billion of Chinese imports will cause consumers to pay more. Trade tensions escalate as the trading rivals make little effort to settle the dispute.