Categories
Ontario News

Canada wants Mexico in USMCA trade pact despite China concerns, source says [Video]

Ottawa | Reuters — Canada wants Mexico to stay in a continental trade pact despite concerns about China possibly using it as a back door to flood the North American market, a source directly familiar with the matter said on Wednesday.

In recent days, Canadian officials have expressed concerns that Beijing could take advantage of the U.S.-Mexico-Canada trade pact to use Mexico as base for exporting cheap goods.

The Globe and Mail newspaper on Wednesday said Canada was weighing whether to cut Mexico out of the USMCA when it comes up for renegotiation in 2026.

Read Also

China’s October soy imports from US climb for seventh month

China’s soybean imports from the U.S. more than doubled in October from a year earlier, marking a seventh month of growth, as buyers accelerated shipments fearing a rise in trade tensions if Donald Trump were to return to the White House.

But the source said that while Ottawa …

Watch/Read More