Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
Last week President Trump announced a new trade agreement with Mexico and Canada, which he has christened USMCA — but most people refer to simply as NAFTA 2.0. President Trump understanably wants to differentiate his trade deal from the one he deemed the worst trade agreement in this country’s history, maybe ever. But many trade analysts say NAFTA 2 is not much different than NAFTA classic. One such analyst is Claude Barfield.
In this episode, we talk about the differences between the two deals: how it has improved, and the updates that make it worse (at least from a free-trade perspective). We also discuss US trade policy more generally, and close with the subject of US policy toward China.
Claude Barfield is a resident scholar at AEI, where his research focuses on international trade policy, the World Trade Organization, and science and technology policy. He is also a former consultant to the office of the US Trade Representative.
Subscribe to Political Economy with James Pethokoukis in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.