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
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Could war in the Gulf push oil to $100 a barrel?
Missiles are flying over a region that supplies a third of the world’s crude
How bond investors soured on France
They now regard the euro zone’s second-largest economy as riskier than Spain
Can Andrea Orcel, Europe’s star banker, create a super-bank?
An interview with the boss of UniCredit
Why economic warfare nearly always misses its target
There is no such thing as a strategic commodity
A tonne of public debt is never made public
New research suggests governments routinely hide their borrowing
Xi Jinping’s belated stimulus has reset the mood in Chinese markets
But can the buying frenzy last?