Trade Policies Allow China To Swoop In

WASHINGTON (AP) — America’s top trading partners are responding to President Donald Trump’s trade policies by trying to take their business elsewhere. Canada broke with the United States Friday, slashing its 100% import tax on Chinese electric vehicles in return for lower tariffs on Canadian farm products. Canada is not alone in looking for alternatives to America’s massive market. The European Union is expected to formally sign trade pact Saturday with the South American alliance known as Mercosur, which includes the region’s two biggest economies, Brazil and Argentina. China, pounded by U.S. tariffs since Trump’s first term, has diversified its exports away the world’s biggest economy to markets such as Europe and Southeast Asia.