Beijing stays silent on new US trade deal with Mexico and Canada

10/04/2018 Politico

chinaThe Chinese government and its official media have remained silent on the new trade deal agreed between the US, Canada and Mexico this week, even though the pact is widely seen as a potential threat to China’s future position in the global trading system.

Since the US-Mexico-Canada (USMCA) Agreement was made on Sunday – on the eve of China’s week-long National Day break – the foreign and commerce ministries in Beijing have not released any comment on the deal, which could help Washington in its escalating trade war with China.

The agreement, a revision and update to replace the North America Free Trade Agreement, includes a special clause empowering the US to review or effectively reject any free-trade deal that Canada or Mexico might make with a “non-market economy”. That stipulation is seen by analysts as targeting Beijing since China continues to be designated a non-market economy by both the United States and the European Union.

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