U.S. President Donald Trump announces the United States-Mexico-Canada Agreement (USMCA) during a news conference in the Rose Garden of the White House in Washington, U.S., October 1, 2018.
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REUTERS/Leah Millis
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NAFTA

For Mexico, Canada, and the United States, a Step Backwards on Trade and Investment

Jeffrey J. Schott (PIIE)

The new US-Mexico-Canada Agreement (USMCA) partially updates the 25-year-old North American Free Trade Agreement (NAFTA) by imposing new obligations on environmental policies and labor practices, curbing state-owned enterprises, and fostering digital trade. But it also imposes new restrictions that will impede regional trade and investment, stifling the potential for economic growth, particularly in the auto sector.

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REUTERS/Leah Millis

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Bruce Stokes, director of Global Economic Attitudes at the Pew Research Center, presented the findings of Pew’s latest Global Trade Survey on September 27, 2018, at the Peterson Institute. The survey, launched in 2014 , covers 27 countries measuring public opinion on trade sentiment around the...
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The Paradox of Risk: Leaving the Monetary Policy Comfort Zone

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