Why Trump’s new trade deal shouldn’t be a surprise
The news that the US, Canada and Mexico have agreed a new trade deal, USMCA, may have caused a little surprise this morning among Trump critics. Isn’t the US President supposed to be leading the world into a new dark age of protectionism, sparking a 1930s-style depression as he puts the interests of a few blue collar workers in rustbelt industries above the health of the US and global economies as a whole? Yet for anyone who has been following Trump’s methodology the news shouldn’t really have caught them unawares. Trump, it is true, was elected thanks in part to promises to protect US workers from unfair foreign competition. Yet