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Through the WTO, Canada could reaffirm its commitment to multilateral institutions
The Trump administration’s imposition of tariffs on Canadian steel and aluminum exports to the United States, and the G7 debacle, which ended in unprecedented acrimony between U.S. and Canadian officials, underscore two compelling issues ...
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Shrinking U.S. trade deficit likely bad news for U.S. trading partners
Ordinarily, official announcements of the monthly U.S. trade deficit get minimal attention from the media. Not so for the recent announcement by the U.S. Commerce Department of the March 2018 U.S. trade deficit. Numerous media reports ...
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21st century economies fight over a 20th century industry
Last month, President Trump imposed a 25 per cent tariff on steel and steel products, and a 10 per cent tariff on aluminum. Initially the tariffs applied to all foreign producers exporting those products to the United States. But Trump ...
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Some good news for Canada—the U.S. follows its own trade rules
The initial U.S. Department of Commerce decision in October to levy tariff duties of almost 300 per cent on Bombardier’s CSeries jets sold in the U.S. became a major flashpoint in bilateral trade relations and cast an additional pall on ...
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Trump favours tariffs, to the delight of U.S. companies
Many observers believe that the ongoing “Montreal Round” of NAFTA negotiations, which started last week, represent a make-or-break moment for a “successful” renegotiation of NAFTA. Some reports say Canadian and Mexican trade officials ...
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All our trade doors look unattractive now
I’ve been reading a new paper by Oxford economic historian Kevin O’Rourke called Two Great Trade Collapses: The Interwar Period & Great Recession Compared, a title that, unlike many academic titles, pretty much catches what the paper ...
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American firms smell blood in the trade waters
The Trump administration’s war against international competition continues with the U.S. Commerce Department’s ruling this week that Bombardier, an aerospace and transportation company based in Montreal, sold planes to U.S.-based Delta ...
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William Watson: War with Wallonia averted! National treatment survives! (maybe)
In the part of the Wealth of Nations where he talks about buying goods from neighbouring countries if they can produce them more cheaply than we can—“What is prudence in the conduct of every private family can scarce be folly in that of ...
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Growing U.S. protectionism threatens Canada’s forestry industry
A tentative deal between Canada and the United States on softwood lumber expired at midnight on Oct. 12. The ongoing softwood lumber war between Canada and the U.S. is largely due to American economic protectionism, or more precisely, ...
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Softwood lumber trade dispute beginning to boil again
When Prime Minister Trudeau and President Obama met in Ottawa at the end of June, they apparently reached no agreement about how to handle a file that has been an ongoing source of conflict between Canada and the United States since 1982 ...