They have no heavy industry left, and generally only assemble stuff now. They are a narrow and weak economy by design.
More on USMCA [NAFTA]:
– Canada opens dairy market to US competition (win for USA)
– Canada agreed to scrap Chapter 7 on milk pricing (huge win for Trump)
– Dispute process (Ch 19) intact (huge win for Canada)
– Procurement process unchanged (big win for Canada)
China slashes steel, textile tariffs as Trump ratchets up pressure https://washex.am/2N9JFFH
China slashes steel, textile tariffs as Trump ratchets up pressure
China’s finance ministry announced Sunday that it will reduce import tariffs on a variety of products, including textiles and steel.