A draft deal clarifies what populist trade policy means in practice
A bilateral breakthrough for America and Mexico, with Canada on the sidelines: can NAFTA negotiators pull it off?
“IT’S a big day for trade, a big day for our country,” boasted President Donald Trump on August 27th. The cause of this jubilation was progress in renegotiating the North American Free Trade Agreement (NAFTA), a deal between America, Mexico and Canada. Enrique Peña Nieto, Mexico’s president, confirmed that Mr Trump had managed to secure a bilateral “understanding” with Mexico. According to the White House’s spin doctors, Mr Trump had kept his pledge to renegotiate NAFTA and had produced a “mutually beneficial win for North American farmers, ranchers, workers and businesses”.
This article appeared in the Finance & economics section of the print edition under the headline “Wheeler dealer”
Finance & economics September 1st 2018
- A draft deal clarifies what populist trade policy means in practice
- KPMG is caught up in scandals but its woes are not existential
- Rules on bank lending in poor neighbourhoods are being rethought
- Markets bash Argentina’s and Turkey’s currencies again
- Informal trade is ubiquitous in Africa, but too often ignored
- Central bankers grapple with the changing nature of competition
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