U.S.-China trade deal could hurt Canadian exporters, trade official warns MPs
This translation has been automatically generated and has not been verified for accuracy.One of the Canadian government’s senior-most trade officials warned MPs of consequences for Canada’s exporters flowing from a new U.S.-China trade deal where Beijing agreed to boost American imports.
The “Phase One” U.S.-China deal signed earlier this month to try to settle a trade dispute presents “a challenge to the free and open rules-based trading system by proscribing a managed outcome,” Mr. Verheul said and could have “negative implications for certain agriculture sectors that compete with the United States in the Chinese market.”
Two Canadians remain locked up in China, victims of what critics have widely called “hostage diplomacy,” Chinese purchases of canola seed are still significantly down and Beijing last year warned that there will be consequences if Ottawa bans flagship tech firm Huawei Technologies Co. Ltd. from supplying gear to this country’s next-generation 5G wireless networks.
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