Life Afta Nafta

“It’s a big day for trade. It’s a big day for our country.” President Trump announced a new trade deal understanding with Mexico during a public speakerphone call with Mexican President Enrique Peña Nieto. Now the challenge is getting Canada to come on board. Trump announces separate U.S.-Mexico trade agreement, says Canada may join later.

+ “Xi only has to fret about public opinion to a point. He doesn’t need to face elections, and enjoys a firm grip on power at the moment. But he has also reached an implicit contract with the Chinese people: Accept his authoritarian rule, and in return watch China become a rich, respected superpower. If that unwritten compact breaks down, so does the justification for Xi’s regime.” Interesting analysis from Michael Schuman in Bloomberg: Trump Paints Xi Into a Corner.

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