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America is not in the business of handing out presents in trade deals

First published: The Times, 3/08/2017

The trade war cacophony in the rhetoric emanating from the White House this year has, thankfully, faded to a soft rumble. Yet the Trump administration’s volatility and petulance, and its search for distractions, warn us not to be complacent. The trade stand-off against China will not last and the renegotiation of the North American Free Trade Agreement (Nafta) with Canada and Mexico is about to start. The UK government and President Trump may be cheerleading a post-Brexit US trade deal, but the devil will be in the largely one-sided politics in America’s favour….Read more:

Photo by Mark Rabe on Unsplash