Politics was always going to play an outsized role in congressional deliberations on the revised NAFTA deal—now known as the U.S.-Mexico-Canada Agreement, or USMCA—as it does with most trade agreements. Assuming that President Donald Trump addresses their concerns about labor standards in Mexico and other issues, House Democrats will have to decide whether to give the president a “big win” that he can trumpet in next year’s election. Trump will have to decide whether he’d rather have that or, by refusing to accommodate their demands, a stick with which to beat up the Democrats as do-nothing partisans. The impeachment inquiry [...]
CHIQUIRINES, Guatemala—In August, Abner Lopez Macario, a 30-year-old farmer and father of two, found himself out of luck and back in Chiquirines, a town in the muggy coastal lands of Guatemala surrounded by sprawling banana plantations. Far from being a bittersweet return after years abroad, Lopez Macario’s homecoming was an admission of defeat. Three months earlier, after a 20-day trek through Mexico guided by a migrant-smuggler, he, his wife and his two sons made it all the way to the border of the United States in the back of a truck. Upon reaching El Paso, Texas, they had sought out [...]
The rise of populism, President Donald Trump’s “Make America Great Again” mercantilism, the worsening U.S.-China trade war and fears of a global recession all point to a new protectionist era. Yet new trade deals are still being signed, perhaps most prominently in Latin America, where at least some politicians remain enthusiastic about free trade. The region reflects the current push and pull over the terms of globalization, and how the ideas that initially drove it are being upended. There are currently over 300 free trade agreements in force around the world. They come in different shapes and sizes, but the [...]
