Trade is good for both countries, but not everyone in both countries benefits from trade.
This China clause has been portrayed as a humiliating imposition on Canadian sovereignty.
Back then, many countries including Germany, Japan and the United States embraced List’s tariff walls.
With this week’s resignation of Gary Cohn, President Trump’s mercantilist trade advisors are on the ascent.
Canada once again faces economic challenges posed by a mercantilist U.S. administration.
When any government taxes or restricts trade, it makes both sides worse off.