A new book argues that for the U.S. to become more globally competitive and create good jobs, we must embrace and expand trade with Canada and Mexico.
What it means for the U.S. to be on the sidelines of another major trade agreement, the Regional Comprehensive Economic Partnership, which 15 countries agreed to Sunday.
The agreement will create an open-trade zone for 600 million people. The parties account for approximately one-third of GDP worldwide.
The European Union and Japan have reached an agreement in principle for a new free trade deal. It would lower barriers to trade between two of the world's most important economic areas.
The gathering of the world's largest economies, the group took a step back from its typically overt pro-free trade agenda. The cause of the change seemed to be pushback from the United States.
Talks between Secretary of State Rex Tillerson and Homeland Security chief John Kelly with their Mexican counterparts were intended to smooth out growing tensions between the two countries.
President Trump has suggested an import tax of up to 45 percent on goods made by U.S. firms overseas. But it's illegal to single out individual companies and it's unclear what form the tax would take.
Robert Lighthizer, 69, has long advocated a tougher stand on trade with China, which is in line with President-elect Donald Trump's campaign rhetoric.
Trump brought out a lot of his greatest hits: slamming trade deals, claiming the economy is failing and touting his poll numbers. But he strayed from the facts several times.