Members of the House of Representatives walk down the steps of Capitol Hill after passing a coronavirus rescue package, Washington, March 27, 2020 (AP photo by Susan Walsh).

The global economy is gradually healing from the economic blows dealt by the coronavirus pandemic, but the recovery remains fragile and halting. Reduced trade is more a symptom than a cause of those trends—and what governments do in terms of additional fiscal stimulus will do far more to determine the shape of the recovery in the United States and other countries. Still, trade policy could be a factor, supporting or undermining the nascent recovery. President Donald Trump’s trade wars have already complicated the direct response to COVID-19 infections—by making imports of some critical products more expensive or harder to find—and […]

Mexican National Guard troops stand guard at Las Pilas dam in Camargo, Mexico, Sept. 10, 2020 (AP photo by Christian Chavez).

For nearly 75 years, the United States and Mexico have transferred giant quantities of water to each other each year as part of a system set up to ensure the equitable sharing of water sheds that straddle their border. The terms and obligations are clearly laid out in a treaty the two sides signed in 1944: The U.S. sends 489 billion gallons of water southward via the Colorado River, and Mexico allocates 114 billion gallons northward, from the Rio Grande and the Rio Conchos. To deal with the technical aspects of this water exchange and settle any issues, the two […]