The fundamental point is that those were desperate days for the Coalition and so are these. "McMahon was in survival mode," says author Patrick Mullins. The same could be said of Morrison.
Canada needs to diversify its trade beyond the United States and increase links to rapidly growing emerging market economies, particularly in Asia, despite the "anti-China" clause in the USMCA.
Millions of American flags come from China. Yet despite being symbols of patriotism, they're not among the products subject to new tariffs imposed by the Trump administration.
Marise Payne this week became the first Australian foreign minister to visit China in three years – another indication that the frost in the relationship is thawing.
While a divided Congress will likely mean gridlock, there are two economic policies likely to see significant change: trade and infrastructure.
The USMCA, if ratified, will fundamentally alter North America’s political and economic structures, increasing American dominance over its neighbours.
Canada's ongoing Port Modernization Review should lead to greater clarity of port purpose, less political control through board appointments and better reporting standards.
Brexit has not happened yet but the uncertainty unleashed by the vote to leave the EU is already taking its toll.
The USMCA, while imperfect, is overall a positive development for Canada. It has a number of structural elements that may very well leave us stronger when negotiating trade pacts in the future.
Trump claimed that 'we would be punishing ourselves' by using US arms sales to Saudi Arabia as a bargaining chip over the disappearance of Khashoggi. A look at the arms trade shows why he's wrong.
The death of the rules-based world order that supports the global economy and free trade has been greatly exaggerated.
A missing Saudi journalist has put Trump's 'America First' rhetoric to the test.
Labor says it will wave through the 11-nation Trans Pacific Partnership deal, then amend it in government. That won't be easy.
Americans seem to believe trade deficits are a bad thing, partly because of arguments suggesting they mean the US is 'losing.' An economist explains why that's rubbish.
Canada, the US and Mexico have signed a deal to rip up the 25-year-old NAFTA and replace it with something new. But what's actually changed?
Who are the winners and losers in the new USMCA? It's complicated, but one thing's for certain: Canada should never again allow itself to be overly dependent upon one trading partner.
The relief that the U.S. didn’t make things even worse for Canada in the new NAFTA should be tempered by the realization that the moment of reckoning hasn’t passed; it’s only been postponed.
Brexiters are arguing for Theresa May to abandon her Chequers deal and push for a Canada-style trade agreement with the EU.
The EU is asking Australia to extend drug company monopolies. This could mean Australians wait longer for access to cheaper, generic medicines.
Trump's plan to slap $200 billion more in tariffs on Chinese goods is premised on yesterday's waste-fueled economy. Tomorrow's economy is 'circular.'