The North American Free-Trade Agreement renegotiation begins
Rewriting North America’s trade rules will not be easy
THE North American Free-Trade Agreement (NAFTA), a 23-year-old trade deal between America, Mexico and Canada, is being revamped. On August 16th, after months of threats, taunts and tweets, the first round of talks started in Washington. The negotiators face a daunting challenge, straddling domestic and foreign policy. They must please their political masters while grappling with devilishly detailed policy problems. If they fail, it will not be for lack of experience. The professionals are in the room.
This article appeared in the Finance & economics section of the print edition under the headline “Seconds out”
Finance & economics August 19th 2017
- The North American Free-Trade Agreement renegotiation begins
- The Trump administration is investigating Chinese trade practices
- China modernises its monetary policy
- The Catholic church becomes an impact investor
- Hedge funds try to promote sports betting as an asset class
- A firm that shares a name with its founder earns higher profits
- Why Africa’s development model puzzles economists
From the August 19th 2017 edition
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer