Trade Wars: NAFTA, China and the World Market

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Published on Sunday, 13 January 2019 03:32

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LeftStreamed — Recorded in Toronto, 9 December 2018

Trade Wars: NAFTA, China and the World Market

Global imbalances are once again in the news on a daily basis, as the American current account grows, with trade surpluses in other zones and capital and credit flows growing in tandem. In response, U.S. President Donald Trump slaps tariffs on imports from many of the US’s traditional allies in North America and Europe, condemning their leaders for unfair treatment. As well, Trump imposes high tariffs on Chinese products and other restrictions on trade relations with China. China responds in turn with tariffs on U.S. goods, and redoubles its efforts to forge a new trade zone with its Belt and Road Initiative and a new trade push in Africa and Latin America. And after Trump declares NAFTA to be... ‘the worst deal’ in American history (and the worst deal ever signed ‘by any country’) as part of his ‘America First’ agenda, he negotiates the re-worked USMCA, with its strengthening of the rules of origin and military exemption clauses, while also forming new mechanisms for controlling Canadian and Mexican economic policy autonomy.

Introduction by Greg Albo. Presentations by:

* Stephen Maher, Socialist Register Assistant Editor.
* Anna Zalik, Faculty of Environmental Studies, York University.
* David Bush, RankandFile.ca and Fight for $15 organizer.

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