The US is reportedly eyeing an anti-China ‘poison pill’ for new trade deals

• The US Commerce secretary Wilbur Ross signaled on Friday that Washington may flex its muscle with additional trading partners in order to exert additional trade pressure on China.
• Ross said a “poison pill” provision in the recently completed pact with Canada and Mexico could be replicated.
• The commerce secretary said in an interview that the provision was “another move to try to close loopholes” in trade deals that have served to “legitimize” China’s trade, intellectual property and industrial subsidy practices.

WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross signaled on Friday that Washington may flex its muscle with additional trading partners in order to exert pressure on China to open its markets, saying that a “poison pill” provision in the recently completed pact with Canada and Mexico could be replicated.

Ross said in an interview that the provision was “another move to try to close loopholes” in trade deals that have served to “legitimize” China’s trade, intellectual property and industrial subsidy practices.

See the rest of the story at Business Insider

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