USMCA
The revamped, post-NAFTA trade agreement between the United States, Canada and Mexico
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The future of free trade
Free trade is undergoing a dip in popularity, as it gives way to economic nationalism in many parts of the globe. Much of this comes down to the WTO and its failure to rein in China’s unfair economic practices since 2001. Washington wants to bring about fundamental changes in the organization, while Beijing resists them. With the WTO hamstrung, there is no enforcement of international trade rules. That could hinder the global post-Covid economic recovery.
The U.S. and Canada: chilly relations won’t sever the ties that bind
President Donald Trump and Prime Minister Justin Trudeau have a contentious relationship. Yet the economic, security and administrative ties that bind the United States and Canada together are far stronger than any hostility between the two countries’ leaders. Though differences in defense policy will exacerbate tensions over the next few ...
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 ...
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 ...
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 ...
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