Articles on Free trade

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The trade deficit, and how much a country exports or imports, is only part of the story. AP Photo/Reed Saxon

Why trade deficits aren’t so bad

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.
Prime Minister Justin Trudeau and Minister of Foreign Affairs Chrystia Freeland arrive to hold a news conference on the United States Mexico Canada Agreement (USMCA) in Ottawa on Oct. 1, 2018. THE CANADIAN PRESS/Sean Kilpatrick

The winners and losers in the new NAFTA

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.
If the trade war with China escalates, siding with the US is going to cost, but Australia’s long-term national interests still lie with it. Shutterstock

Trump versus China means picking sides

There can be no middle road in the trade war between China and the United States. Soon we will have to pick sides.
Trump believes the Geneva-based WTO treats the U.S. with disrespect. Martin Good/Shutterstock.com

Why Trump’s wrong about WTO treating US unfairly

The president again threatened to drop out of the World Trade Organization if it doesn't 'shape up.' But a careful review of case filings show the US isn't treated any differently than its other members.
Activists stage a demonstration against the so-called CETA trade deal outside the European Parliament in Strasbourg, France, in February 2017. (AP Photo/Jean-Francois Badias)Special Instruction

The uncertain future of the Canadian-European trade deal

An imminent court ruling by the European Union will decide the future of the economic partnership between Canada and the EU. It has broader implications for multilateralism in international trade.
Heinz is why ketchup seemed to become distinctly American. Reuters/Mike Blake

A brief history of ketchup

Canada recently slapped a tariff on US exports of the tomato-based condiment, and the EU plans to do the same, perhaps on the notion that it's distinctly American. In fact, ketchup’s origins are global, as are its fans.
CEO Tim Cook built Apple’s vast supply chain, which stretches from China to Europe. Reuters/John Gress

We estimate China only makes $8.46 from an iPhone – and that’s why Trump’s trade war is futile

The president launched a trade war largely on the premise of a massive trade deficit with China. A closer look at the iPhone shows why he's wrong.
A biker rides his Harley-Davidson during a parade in Germany. Reuters/Fabian Bimmer

Why it doesn’t matter if a Harley is ‘made in America’

The motorcycle maker angered Trump after it said it plans to move some production overseas to avoid EU tariffs – just a few months after the president praised the company for being a 'true American icon.'
Trump has long talked about halting U.S. participation in the WTO. Reuters/Denis Balibouse

What is the WTO?

Trump has often talked about leaving the World Trade Organization. An economist explains what it is and what would happen if the president had his way.

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