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
- The moral assumptions embedded in economic models of climate change
From the December 8th 2018 edition
Discover stories from this section and more in the list of contents
Explore the edition
Stockmarkets do not reward firms for investing in Trump’s America
The perils of reshoring
America is turning away China’s goods. Where will they go instead?
South-East Asia is exposed to both Chinese import competition and American ire
Can the euro go global?
With the dollar faltering, European policymakers have an opportunity
Poor countries would miss King Dollar
Even though they normally like a weaker greenback
Hell is other people’s currencies
As the Trump administration may soon find out
How Trump might topple the dollar
For the first time in many decades, the greenback looks vulnerable