North America Archive

Besides getting Mexico to pay for the wall, which continues to elude him, there were two things that U.S. President Donald Trump seemed to want most out of the renegotiation of the North American Free Trade Agreement. One was increased access to the Canadian market for American dairy farmers, and the other was an incentive to increase car production in the United States. He won on those things, though the latter could well turn out to be a pyrrhic victory. But he is undercutting any credit he might get for those victories with his fondness for tariffs. Indeed, if looking […]

President Donald Trump has announced a number of trade deals this year, touting each one as the best, greatest, most wonderful agreement ever. Time after time, however, the reality fell far short of Trump’s hype, including the most recent announcement of an agreement with China. Indeed, the announced “agreements” with Europe, Japan and China merely began the process of negotiating. And far from replacing the “worst trade deal ever,” the U.S.-Mexico-Canada Trade Agreement mainly updates and tweaks the North American Free Trade Agreement, or NAFTA. One thing none of these agreements accomplished was to get rid of the tit-for-tat tariffs […]