The International Trade Commission estimated that by the sixth year after the new NAFTA's ratification, the U.S. economy would have 176,000 more jobs than it would have without the new revised trade deal. That's a 0.12 percent increase compared to the status quo.
The Canadian government should increase its role in getting China to resume imports of canola, the Canola Council of Canada said in an April 17 news release. "As days have turned into weeks and a Canadian delegation has not yet been accepted by China, the Canola Council of Canada (CCC) is calling on the Government of Canada to consider all available options to resume seed trade," the group said. "While technical discussions are still required, continued delay shows that more options need to be considered."
Canada revised its list of steel and aluminum goods from the U.S. exempted from tariffs on the products that were imposed in response to U.S. Section 232 tariffs on the metals, the Department of Finance Canada said on its website. Among the changes are nearly 100 new items on the Schedule 3 list, which is "limited to specifically listed importers, for specified periods and subject to applicable conditions as prescribed." The changes became effective April 15, it said.
An executive for a waste recycling company was sentenced to three years in prison after he illegally resold dangerous electronic hazardous waste to companies that then exported it overseas, according to an April 12 notice from U.S. Immigration and Customs Enforcement.
Canada is moving closer to new regulations that would create some new restrictions on transactions involving controlled goods moving to other countries, law firm McCarthy Tetrault said in a blog post. The proposed regulations "create a new control regime for Canadians engaged in 'brokering' related to transactions involving the movement of certain controlled goods, services or technology from one foreign country to another," the firm said. "This is the first time Canada has imposed such controls and companies that may be potentially involved in such transactions."