Managed trade is back, but don’t mistake its return as proof that free trade doesn’t work [Financial Post (Toronto, Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
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Source: Financial Post
Managed trade is back, but don't mistake its return as proof that free trade doesn't work Kevin Carmichael: It just looks different, being managed by business types rather than bureaucrats Part of an ongoing series that looks at changes one year after the global trade wars ignited. In the summer of 2017, Jeff Rubin, the former Bay Street economist who predicted oil would one day cost more than $200 per barrel, came up with another doozy. Or at least I thought he had. Rubin, who made his name at CIBC World Markets in the 1990s and early 2000s, published a paper that argued Canada should ditch Mexico and try to return to something resembling the Auto Pact that it signed, with the United States, in 1965. “To the extent that threatened future U.S. restrictions on imports on vehicles and motor parts from Mexico redirect investment and production back to the United States, they could do likewise for Ontario, providing cross-border movement of vehicles and parts between Canada and the Unit
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