Keyword:Canada

Woody Wood @ Flickr.com Woody Wood @ Flickr.com

Downgrading or Upgrading NAFTA?
NAFTA’s economic pros and cons in a nutshell


Negotiations on the North American Free Trade Agreement will go into the third round this weekend (23-27 September) in Ottawa. In the talks, which are always burdened by critical statements and Twitter messages from US President Donald Trump, however, all options still seem to be on the table. Both a successful modernization of the trade deal as well as a complete failure of the negotiations and a possible withdrawal from NAFTA are conceivable. More ...

Tony Webster @ Flickr.com Tony Webster @ Flickr.com

The Global Impact of a Protectionist US Trade Policy
What can theory tell us about how Trump's trade policy might affect the world economy?


Since the election of Donald Trump, there has been a growing danger that U.S. trade policy increasingly relies on protectionist measures. The aim of this policy is to secure jobs and income in its own country. In reality, however, protectionist measures mean that the weakening of international trade triggered by the U.S. is leading to a loss of income worldwide, especially in the U.S. More ...