Americas: Worst deal ever

Author: | Published: 26 May 2017

Robert Lighthizer was sworn in as the next US trade representative in May, sounding the starting gun for the long awaited renegotiation of the North American Free Trade Agreement (Nafta). The 1994 agreement created a trilateral trade bloc in North America consisting of Canada, Mexico and the US. It has been hotly disputed since inception: while GE backed Nafta and threw its weight behind Mexico, senator Bernie Sanders has been a fierce adversary for more than two decades.

Although scrapping the agreement isn't widely supported, its three member states are in agreement that it could use something of...