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As President Trump ramps up the trade war with China, the Administration is keen to get NAFTA’s successor, the United States-Mexico-Canada Agreement or USMCA, approved. The lifting of the U.S. tariffs on steel and aluminum from Mexico and Canada – and the removal of those countries’ countermeasures – removed the external barriers from USMCA’s passage. Congress is another question.
The White House and Democrats are in talks over the trade agreement, though Bloomberg reported that Speaker Nancy Pelosi is reluctant to move forward until there’s consensus in her party. Meanwhile, President Trump has told Democrats that he won’t sign an infrastructure bill until USMCA gets approved.
In Canada, Prime Minister Justin Trudeau has been doing a victory lap following the end of tariffs, which came as he heads into a fall election. Trudeau credited Canada’s aggressive countermeasures with pressuring the U.S.
“We strategically put a significant number of American products and produce under tariffs and that had an impact on governors, members of Congress, who continued to talk to the President and to members of the administration about lifting these tariffs,” he said while visiting an aluminum processor in Quebec, according to the CBC. Tariffs were placed on items that included bourbon and Tennessee whiskey.
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The world is on track to produce 7.5 trillion pounds of waste per year by 2050. That’s enough to fill 147.8 million garbage trucks. Read more as Brian Aoaeh discusses the planet’s looming garbage crisis.
“It’s going to take 10 percent of capacity out of the market.”
This article first appeared on www.freightwaves.com
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