Nafta After All
The Trump administration is signaling to Congress that in coming negotiations with Mexico and Canada it will seek mostly modest changes to the North American Free Trade Agreement, a deal President Donald Trump called a “disaster” during the campaign. An administration draft proposal being circulated in Congress by the U.S. trade representative’s office would keep some of the most controversial provisions, including one establishing an arbitration panel that investors in the three nations can use to resolve civil claims, bypassing local courts. The document appears to represent a compromise between trade hawks and moderates. We also report that expectations are fading of a rapid rapprochement with Russia, as the White House pushes off Kremlin proposals for a meeting with President Putin and takes an increasingly skeptical view of reaching a grand bargain with Moscow.