New Trade Deal Sets Stage for Contest With China

By Anonymous

The U.S. should use the Nafta deal to revive talks with Asian trading partners and squeeze China

The real significance of the revised trade agreement with Canada and Mexico is what comes next. The U.S. should now follow this template with its Asia-Pacific trading partners, to revive the dream of building a new, rules-based trading bloc to counter China.

That was the goal of the Trans-Pacific Partnership, a free-trade deal spanning 12 countries including Japan, Singapore, Vietnam, Chile and others.