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Trump continues to lose the closest allies

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09.06.2018
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Relations between the parties to the North American Free Trade Agreement (NAFTA) are exacerbated.

The US imposes duties on steel and aluminum, Mexico and Canada are responsible for taxes on agricultural products and consumer goods.

One of the main points of his pre-election program is the reduction of the negative balance of foreign trade. With Mexico, the imbalance is approaching $ 60 billion. In addition, Mexicans, according to Trump, using NAFTA, robbing Americans of jobs.

Since June 1, Trump has introduced import duties on steel and aluminum, including from Mexico and Canada, effectively annuling the NAFTA agreement. He believes that instead, bilateral agreements with Canada and Mexico are needed.

Washington was the first to pull the trigger and now receives retaliatory strikes.

Canada, the largest steel supplier in the US, announced last week about duties on imports of American products, including whiskey, orange juice, steel, aluminum and other products, totaling nearly $ 13 billion.

The Mexican government, in turn, on Monday set taxes on American steel, pork, whiskey, apples, cheese and a number of other products. According to Minister of Economy Ildefonso Guajardo, this will fully compensate for the losses of three billion dollars caused by US protectionist measures.

Against the background of the NAFTA crisis, Mexico is looking for new trading partners in other parts of the world, including the Eurasian continent. As one of the most promising counterparts, the Mexicans view Russia.

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