The Trump administration’s stated goals in renegotiating the three-nation Nafta trade pact are surprisingly modest.
Donald Trump has gone squishy by stages on the North American Free Trade Agreement, which he once called “the worst trade deal maybe ever signed anywhere.” In April, aides persuaded him not to abrogate the 23-year-old trade pact with Canada and Mexico. On July 17, moderates scored another victory: The Office of the U.S. Trade Representative released objectives for renegotiating Nafta that aim to tune it up, not gut it. “Overall this looks like a Nafta modernization. It’s not like the whole of Nafta is up for grabs,” says Antonio OrtizMena, a senior adviser at Albright Stonebridge Group, a Washington diplomacy advisory firm, who previously headed the economic affairs section of the Mexican Embassy.
Even after Trump relented last spring on killing the three-way pact, some analysts expected he would direct U.S. Trade Representative Robert Lighthizer to take a hard, nationalistic line in talks on updating it. After all, in January the president had threatened a 20 percent tariff on Mexican goods to pay for the border wall. There are no such threats in the trade rep’s letter to Congress spelling out the administration’s objectives. The administration is OK with maintaining tariff-free, quota-free trade among the three countries.
هذه القصة مأخوذة من طبعة July 24, 2017 - July 30,2017 من Bloomberg Businessweek.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 24, 2017 - July 30,2017 من Bloomberg Businessweek.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers