On Trade, a Politically Feisty Trump Risks Economic Damage

The following article by Peter S. Goodman was posted on the New York Times website April 30, 2017:

Trucks waiting to enter the United States at the border crossing in Tijuana, Mexico, in February. Credit Jorge Duenes/Reuters

As political theater, the threat last week from the Trump administration that it would pull the United States out of the North American Free Trade Agreement effectively enhanced the White House story line. From the campaign through his first 100 days in office, President Trump adroitly exploited the most conspicuous downsides of trade in portraying himself as a hero to those who go to work in coveralls.

But as economic policy, the feisty words — quickly downgraded to a pledge to “renegotiate” terms of trade with Mexico and Canada — potentially imperil significant swaths of the American economy. Continue reading “On Trade, a Politically Feisty Trump Risks Economic Damage”