Important Notice - ALENA
Important Notice – ALENA
In connection with NAFTA, Medi-Select wishes to inform its customers of the risk of increased costs for certain products originating in the United States in 2019.
If an agreement is not reached between Presidents Trump and Xi Jinping after the additional 90 days granted, several companies such as Medicom - Crosstex - Graham and others that have their plants on American soil will suffer price increases.
In reference, an article in Le Devoir:
CHINA AND THE UNITED STATES CONCLUDE A TRUCE
Shanghai — Donald Trump and Xi Jinping agreed on Saturday to a truce in the trade war that threatens economies of their countries, but analysts point out that this pause does not yet resolve the fundamental problems of their economic rivalry. Under the agreement reached on Saturday at the G20 summit in Buenos Aires, the White House announced that it would postpone by 90 days a tariff increase on Chinese imports. At the same time, China has committed to increasing U.S. imports. The increase in tariffs between China and the United States since the spring has already weighed on global growth. The IMF estimates that, in the short term, global GDP could be reduced by 0.75% if trade tensions were to increase further.