Tuesday, August 16, 2005

Canada About to Bust the US in the Trade Grille
Try'n to play me out like as if my name was Sega
But I ain't going out like no punk *****

From the Globe:
The Canadian reaction has got to be strong and aggressive, because this is the most serious flaunting of NAFTA that we have yet seen. It shows disregard for the process and the use of legal gamesmanship to avoid the consequences of the decision that requires the U.S. to rescind its finding and pay back the duties.”

Nice. I've already outlined some of the avenues of retaliation that Canada has here. I think in the long run we have to diversify away from 80% dependence on one trading partner anyway.

When Canada thinks about "international" trading, we tend to focus strictly on the US, instead of other large markets and this is not in our best interests. The leading trade partner of Japan is China, and China only accounts for 20% of Japan's trade, so when things go sour with that one partner, they aren't left holding the bag....like some other countries.

A natural defense against trade manipulation and control is branching out to other trading blocs like ASEAN and the EU. We don't necessarily have to join these blocs, but at least exploring the possibility of a trading relationship with the Pac Rim and Europe is a good idea.
Bust round
Bloody the ground
Retaliation sounds like this

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