Un-Trade Agreements It did not take long for Canadian officials to reverse their digital services tax after President Trump threatened to end trade negotiations. Canada is second only to Mexico in terms of trade dependence on the U.S. Many Canadian producers are already hurting from trade sanctions imposed by China and Ottawa risks a deep recession if it bucks Washington. But leverage is weaker with other trading partners.  The U.S.-UK Economic Prosperity Deal (EPD) came into force today. There is a Fact Sheet and General Terms paper. The U.S. obtains increased but capped access to the British market for beef and ethanol, and the UK gets American tariffs capped at 10 percent. But the UK had just signed a trade deal with the EU that com...

TAGS – North America, Macroeconomics