The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) -- which created a single market from Mexico’s southern border to the Yukon -- but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada.
Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated.
There has been much focus on Donald Trump’s erratic foreign policy -- the outlandish positions, the many flip-flops, the mistakes. But far more damaging in the long run might be what some have termed the Trump effect -- the impact of Trump on the domestic politics of other countries. That effect appears to be powerful, negative and enduring. It could undermine decades of American foreign policy successes.
The inauguration of Mexico's Grupo Modelo brewery new plant in southeastern Yucatan state can bee seen as a "turning point" in transforming the country into a "trustworthy destination" for investment.
The small southern Chinese city of Zunyi, an emblematic place where Mao Zedong took the reins of the Communist Party, is now a pioneer in implementing a new system of land distribution that has transformed the tea industry, an economic engine of this area.
The Banana Growers Association of Colombia (Augura) is applying a strategy to restore Uraba, the country's principal producer of the fruit and a region stigmatized by violence.
Among President Donald Trump’s first acts was an order withdrawing from the TPP. This fulfilled Trump’s campaign promise to torpedo the high-profile agreement between the United States and 11 other Pacific Rim countries, led by Japan and Mexico. As important, it symbolized Trump’s conviction that ineptly negotiated trade agreements are at the core of America’s economy’s problems.
”Mexico braces for a trade war with Washington,” headline in the Financial Times, Jan. 31, 2017.
Let’s hope not, because a trade war triggered by President Trump would be an act of pure economic aggression, unjustified either by the United States’ economic and political interests or by Mexico’s behavior. It would be the economic equivalent of Russia’s seizure of the Crimea, a raw exercise in bullying.
What are we to make of a man who seems unable to keep himself from making false statements, yet fundamentally keeps his word?
Donald Trump as president is something that we’ve rarely seen before: A self-styled straight-talker who didn’t disappoint his most fervent supporters by tacking to the center after claiming victory.
A former U.S lawyer has made a deal with Cuban government to buy 40 tons of charcoal from cooperative farms, which will be the first export llegally allowed after Obama eased trade embargo