Aug
27
Why Markets Rallied on Trump’s Trade Deal
ByBilateral trade deal with Mexico and any subsequent pact with Canada may create some frictions, but it is a relief compared to what might have been
The provisional trade deal that President Trump has struck with Mexico may harm U.S. companies and consumers, but it is vastly better than the alternative.
The U.S. and Mexico on Monday announced that they had come to an agreement on issues that have been holding up retooling the North American Free Trade Agreement, clearing the way for the U.S. and Canada to hash out their differences. Despite Mr. Trump’s rhetorical flourish—“they used to call it Nafta”—and the fact that he has portrayed any agreement with Canada as separate,…
Why Markets Rallied on Trump’s Trade Deal
