trade

CBS This Morning: NAFTA Overhaul

Efforts to overhaul the NAFTA free trade agreement are entering a critical new phase. President Trump and his outgoing Mexican counterpart announced a preliminary deal to replace the trade agreement for three North American countries. Stocks hit record highs, even though Mr. Trump threatened to place tariffs on Canadian-made cars if Canada does not reach a deal. I joined CBS This Morning to break down the deal and discuss the possible impact.

Trade Deficit Q&A

Trade Deficit Q&A

After the U.S. imposed previously announced tariffs (25 percent on steel and 10 percent on aluminum) on the European Union, Canada and Mexico last month, a number of you wrote me asking to explain the bottom line when it comes to trade deficits. I know that the rhetoric around trade has been tough to absorb, so here’s my attempt to provide a “Trade Deficit Q&A."