Will EU, Japan ink trade pacts with US? Still too early to say
The ongoing US trade talks with the European Union and Japan are widely believed to be aimed at isolating China, especially since the trade pact the United States signed with Mexico and Canada on Sept 30 to replace the North American Free Trade Agreement has a clause apparently targeting China.
But will the trade talks progress smoothly?
To begin with, Canadian Prime Minister Justin Trudeau has said the "poison pill" seemingly meant for China in the US-Mexico-Canada Agreement will not stop Canada from advancing trade talks with China. And some fundamental disagreements have emerged between the US and the EU, and the US and Japan in their trade talks. For example, the US supposes Japan's "tariff" and "non-tariff" barriers are hurting US exports to Japan, especially in the automobile, agricultural product and service sectors.