The revamped, post-NAFTA trade agreement between the United States, Canada and Mexico
Two scenarios for the future of U.S.-China relations
There are no longer any illusions that the U.S. sees any potential in partnership with China. The two countries have entered into a strategic competition that in the worst case, could quickly become a cold war-style confrontation. Negotiation on the biggest economic sticking points could ease tensions, but only for the short to medium term. The emerging rivalry of the two powers is with us to stay.
No easy way back for U.S. manufacturing
President Donald Trump declared on October 1 that the new trade deal with Canada and Mexico signifies the return of the United States as a “manufacturing powerhouse.” U.S. manufacturing has indeed changed dramatically since 1992, when the three countries signed their original trade pact. But the complex and varied factors that have reshaped factory production in the U.S. cannot be summarily reversed.
The U.S. and Mexico go from pugilism to partnership
Despite confrontational rhetoric from the leaders of both countries, the U.S. and Mexico have plenty of reason to work together. Certainly, U.S. President Donald Trump and Mexican President-elect Andres Manuel Lopez Obrador have some contrasting views on bilateral issues, but both have signaled a willingness to collaborate on priorities from trade to drug trafficking. Appearances aside, cooperation may even flourish over the next two years.