Donald Trump is strong-arming Congress into accepting the new NAFTA
Why they won’t like it
FOR YEARS President Donald Trump has been itching to withdraw from the North American Free Trade Agreement (NAFTA), a trade deal between America, Canada and Mexico. But as long as negotiations about a revamp continued, he held off. The day after signing a new deal on November 30th, rebranded the USMCA, he announced that he would “shortly” indulge himself and terminate the original deal after all. That would force Congress to choose between the USMCA and a NAFTA-less world.
This article appeared in the Finance & economics section of the print edition under the headline “Foul play”
More from Finance and economics
China’s last boomtowns show rapid growth is still possible
All it takes is for the state to work with the market
What the war on tourism gets wrong
Visitors are a boon, if managed wisely
Why investors are unwise to bet on elections
Turning a profit from political news is a lot harder than it looks
Revisiting the work of Donald Harris, father of Kamala
The combative Marxist economist focused on questions related to growth
Donald Trump wants a weaker dollar. What are his options?
All come with their own drawbacks
Why is Xi Jinping building secret commodity stockpiles?
Vast new holdings of grain, natural gas and oil suggest trouble ahead