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”
Finance & economics December 8th 2018
- A trade truce between America and China is over as soon as it began
- Donald Trump is strong-arming Congress into accepting the new NAFTA
- Quantitative easing draws to a close, despite a faltering economy
- The first charges for money-laundering are laid against Danske Bank
- Why investors in emerging-market bonds are so attuned to political risk
- Buying nuclear fuel is back in fashion
- Why do so many people fall for financial scams?
- Hard-up firms in China use cashmere and pork to repay loans
From the December 8th 2018 edition
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Germany’s economy goes from bad to worse
Things may look brighter next year, but the relief will be short-lived
An economics Nobel for work on why nations succeed and fail
Daron Acemoglu, Simon Johnson and James Robinson tackled the most important question of all
Why investors should still avoid Chinese stocks
The debate about “uninvestibility” obscures something important
China’s property crisis claims more victims: companies
Unsold homes are contributing to a balance-sheet recession
Europe’s green trade restrictions are infuriating poor countries
Only the poorest can expect help to cushion the blow
How America learned to love tariffs
Protectionism hasn’t been this respectable for decades