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How the recently signed US-Mexico pact could turn tables on China

If doubts remained, consider the environment section: Mexico and the US agreed to prohibit "shark-finning," the practice of cutting the fins from sharks and leaving them to die

Donald Trump
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President Donald Trump looks into the crowd as he addresses supporters at Tampa Bay Technical High School in Tampa | Photo: Reuters

Bloomberg
When President Donald Trump announced a trade pact with Mexico to replace the North American Free Trade Agreement, attention immediately turned to Canada. But it’s in China – which wasn’t mentioned – that the greatest impact could be felt.

In abandoning Nafta, the US appears to be moving toward a single trade bloc that might also embrace Canada. The Mexico accord tightens rules of origin on automobiles, so that 40 percent to 45 percent of their content must be made by domestic companies whose workers earn at least $16 an hour. This limits the scope for assembly in Mexico with Chinese

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First Published: Aug 29 2018 | 2:46 PM IST

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