Tense U.S.-China relations are helping the United States understand the importan...
MEXICO CITY - Tense U.S.-China relations are helping the United States understand the importance of a North American trade bloc, a senior Mexican diplomat said on Friday, after negotiating a deal that ended steel tariffs in the region.
The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact. “There is a general climate, in which the United States is in a long-term difficult relationship with China and it understands that the big economy the United States has needs to be accompanied by the big North American economic region,” Seade told Reuters in a phone interview.
China struck a more aggressive tone in the trade war on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course. That capped a week in which Beijing unveiled fresh retaliatory tariffs and the U.S. leveled a blow against one of China’s biggest and most successful companies, Huawei Technologies Co Ltd.
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