Trade
Nafta lives on
Donald Trump would like you to think that the new trade deal announced between the US and Mexico on Monday is a death knell for Nafta. It isn’t. By apparently going solo on a new agreement with Mexico, Trump is trying to push Ottawa into a corner. “The Canadians are going to have to be very creative [and] find ways to minimise the damage,” says Hershell Ezrin, a former Canadian diplomat and a consultant at the Toronto-based Global Public Affairs consultancy. “Trump can absolutely make things nasty and difficult for the Canadians. But he is a master of overstatement so I still think there’s an opportunity for a new deal.” As foreign minister Chrystia Freeland touched down in Washington yesterday to continue the negotiations, it’s important to keep in mind that the White House is still working on a three-country deal – no matter what Trump says.