In Search for Leverage, Trump May Be Undercutting His Own Trade Deals - News Summed Up

In Search for Leverage, Trump May Be Undercutting His Own Trade Deals


WASHINGTON — President Trump is embracing a new tactic as he tries to rewrite the rules of global trade: Don’t believe a final deal is truly final. He has repeatedly agreed to new trade terms with foreign partners, then talked about undoing those deals to achieve additional goals. His administration is working on a slew of trade deals, including agreements with South Korea, Canada and Mexico and attempts to reach trade terms with China, Europe and Japan. On Monday, the European Union is expected to vote on a mandate that would give the bloc the authority to negotiate a trade agreement with the United States. And Japanese officials are scheduled to meet on Monday in Washington for preliminary trade talks with their American counterparts.


Source: International New York Times April 15, 2019 09:00 UTC



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