History reveals that trade wars don’t end well. There are so many moving parts and unintended consequences that it is virtually impossible to predict how things will unfold.
The nightmare known as the Italian debt crisis, which had been simmering on the back burner for a few years, has come back to life at a particularly inopportune time.
The greatest risk to the U.S. economic outlook is rapidly developing labour shortages. If firms can’t find the workers to run their operations, the economic expansion could grind to a halt.
What might take place in the U.S., Mexico, and Canada if the deal is scrapped?
The end of NAFTA would put at risk Canada’s privileged and certain access to the U.S. market and the highly integrated nature of Canada-U.S.-Mexico supply chains.
Some observers have been quick to call for investigations and prosecutions of those mentioned in the Paradise Papers, a high-profile exposé of the financial dealings of the world’s wealthy.