August 17, 2017

How Chinese trade deals harm Canada's economy

Ezra LevantRebel Commander
 

On last night's show, I discussed the renegotiation of the North American Free Trade Agreement (NAFTA) and the crafting of a Canada-China trade deal.

Canada-US trade is extremely important; it keeps our factories open and millions employed.

On the other hand, Canada-China trade is mostly us buying their crap at WalMart.

China doesn't buy many Canadian exports, and their communist government uses what they do purchase to threaten our government if they don't get political concessions.

China doesn't respect physical or intellectual property rights, either, and has even threatened a BC winery owner with life in prison for alleged "smuggling." (Probably because they didn't bribe the right communist official.)

Donald Trump was elected on a promise to renegotiate trade deals so they would benefit American workers, while Trudeau has been busy making Canada less competitive.

 

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commented 2017-08-17 15:42:48 -0400
China would be wise to not jump into any deal with Canada after they see the way our leader turns on his biggest trade partner and how he scuttles a rich petrol trade deal with them so he can do damage his political foes in Alberta and Saskatchewan.

No, the Chinese are crafty traders and they won’t reflexively give such an untrustworthy Ottawa regime any trade dollars PM Selfie may throw away in the NAFTA renegotiation. After the self-destructive trade behavior displayed by our economics-challenged PM, China will enhance trade with Canada only when they are confident they fully control our ethically spastic PM.