The end of the big trade deals

Cultural lag being what it is, the last battles in this long war—probably between the U.S. and its NAFTA partners, Canada and Mexico, and between the U.S. and China—are yet to be fought. We may be entering the next decade before the political process anywhere seriously engages with the reality of automation as the main destroyer of jobs. But reality always wins in the end.
International Trade Minister Chrystia Freeland and Prime Minister Justin Trudeau, pictured in this file photo on the Hill.
LONDON, ENGLAND—U.S. president-elect Donald Trump announced Nov. 21 that he will cancel the “Trans-Pacific Partnership” on his first day in office on Jan. 20, 2017. That will kill the TPP off for all 12 countries that agreed on it just over a year ago: as Japan’s Prime Minister Shinzo Abe s...

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