Trade

How a trade war may hurt our economy!

Toronto, ON – Canada’s economy would shrink by 1.8 per cent if the United States breaks all trade ties with its partners and imposes across-the-board tariffs that average 20 per cent, according to a Scotiabank report. “A ramp-up in protectionism in the U.S. results in a negative impact on growth in each of the NAFTA partners economies,” said the report. Earlier this month, the U.S. imposed significant tariffs on steel

Free Trade Agreements: Update ongoing negotiations

NAFTA Negotiations on the North American Free Trade Agreement (NAFTA) started last year. Canada, in a proactive manner and constructive approach, has played big cards against the US by asking them to ratify the ILO Conventions and get rid of right-to-work laws. However, the best way to describe the situation at this point is total uncertainty. The three may have made some progress and may have reached some agreement on

Recommendations of the IAM regarding the NAFTA Renegotiation

Recommendations of the IAM regarding the NAFTA Renegotiation Preamble In this document, we provide you with four recommendations which can potentially increase the fairness and the balance of the North American Free Trade Agreement (NAFTA) and ensure it can create a better environment for all citizens living in North America. Goals of recommendations #1 and #2: • Establish basic labour standards for the entire territory; • Improve the defence of