As the renegotiation of the U.S.-Mexico-Canada Agreement looms, game theory suggests Ottawa may have to accept higher American tariffs and make previously unthinkable concessions.
The calculus has fundamentally changed. In previous negotiations, all three countries shared a commitment to the principles of free trade which ensured co-operative outcomes. Now, the United States sees trade through a different lens entirely, one revealed in recent trade deals and policy statements. And while dismissing anything from President Donald Trump’s administration has become fashionable, the logic of their position isn’t entirely without foundation.
Someone with common sense snuck into the Globe and slipped this in.
