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Trade Balances and the NAFTA Renegotiation

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  • C. Fred Bergsten

    (Peterson Institute for International Economics)

Abstract

The Trump administration’s strategy toward trade agreements in general, and the North American Free Trade Agreement (NAFTA) in particular, is fundamentally misplaced for two reasons: (1) its apparent desire to use trade policy rather than macroeconomic policy including exchange rate policy to reduce trade imbalances and (2) its focus on the bilateral rather than global scope of those imbalances. Bergsten outlines the dangerous and self-defeating implications for the negotiation of such an unusual approach. Accordingly, provisions that could be included in the agreement to pursue that purpose are not likely to be feasible.

Suggested Citation

  • C. Fred Bergsten, 2017. "Trade Balances and the NAFTA Renegotiation," Policy Briefs PB17-23, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb17-23
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    Cited by:

    1. Marcus Noland, 2018. "US Trade Policy in the Trump Administration," Asian Economic Policy Review, Japan Center for Economic Research, vol. 13(2), pages 262-278, July.
    2. Noland, Marcus, 2018. "US international economic policy in the Trump administration," MPRA Paper 84435, University Library of Munich, Germany.
    3. Vargas-Hernández, José G & Orozco Quijano, Elsa Patricia & Virchez, Jorge, 2019. "A Critical Analysis of Scenarios for Small and Medium Enterprisee in NAFTA renegotiations," Small Business International Review, Asociación Española de Contabilidad y Administración de Empresas - AECA, vol. 3(1), pages 1-18, January.

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