Is the NAFTA free trade agreement outmoded? Nikolas Kessels from the John F. Kennedy Institute shares his stance on the issue, and also on US President Donald Trump's recent remarks on trade with Mexico.
Washington is looking to fix "chronic" trade imbalances by negotiating trade agreements with the UK, the EU, and Japan, US officials have said. Donald Trump's efforts to cut trade deficit have so far been unsuccessful.
The US deficit in foreign trade widened in July by the most in three years, as exports of soybeans and civilian aircraft declined and imports hit a record high. Deficits with China and the EU were the highest-ever.
US President Donald Trump has announced a breakthrough in talks on a new trade pact with Mexico, saying he hoped the "really good deal" would be joined by third NAFTA member Canada, which didn't take part in the talks.
Mexico chooses a new strategy ahead of the renegotiation of the North American Free Trade Agreement, as newly elected Mexican President Andres Manuel Lopez Obrador starts to warm up to Donald Trump.
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