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What if Mexico, Canada Join the US in the Trade War with China?
Progress in the US-China trade war has ground to a halt according to officials from both sides, which has rattled investor sentiment. As each party searches for leverage, some market participants have suggested a united USMCA could band together in an effort to alter uncompetitive Chinese trade practices. While Mexico and Canada carry significantly less sway with the Asian nation than the US, their trade balances are anything but negligible. Over the last 10 years, Canada and Mexico have accounted, on average, for 2.43% and 2.96% of China’s total exports. During this time, Canada has seen its share of Chinese ... (full story)
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