FROM Shawn Donnan
How would Trump re-negotiate NAFTA, "the worst trade deal ever"? During his campaign, Donald Trump called NAFTA "one of the worst trade deals ever made." Yesterday, his staff said he was ready to pull America out. But after talking last night with Canada’s Prime Minister and Mexico’s President, today said, "So they asked me to renegotiate I will and I think we'll be successful in the renegotiation which frankly would be good because it would be simpler. But we have to make a deal that's fair for the United States ...they understand that." Shawn Donnan, world trade editor for the Financial Times , reports on Trump's change of heart.
Do Brexit and America First mean a new world order? President Donald Trump held a joint press conference today at the White House with Theresa May. The British Prime Minister's visit to Washington today was the first White House meeting between President Trump and a foreign leader. They talked trade and other ways to strengthen the so-called "special relationship." Trump has even referred to May as "my Maggie," a reference to the close ties between President Ronald Reagan and then-Prime Minister Margaret Thatcher. So this visit has been seen as a chance to refresh what the two close allies have called "the special relationship" ever since World War II. Then again, these two new leaders are promising to exit the European Union and put "America First" so what are the real prospects for a new trade deal, and a close alliance in the fight against terrorism?
EU orders Apple to pay billions in back taxes It's big money even for Apple. A ruling by the European Union says it owes $14.5 billion in back taxes for exploiting a loophole in Irish law. Both Apple and Ireland say they'll appeal. In the US, it's drawing attention to the profits of US companies being held overseas. Shawn Donnan, World Editor for the Financial Times , says the basis of the decision is fair competition between member states.
China and US Strike Tech Deal The US and China have announced an agreement to eliminate tariffs on electronic goods ranging from video-game consoles to medical equipment and semiconductors. The deal was reached during President Obama’s visit to Beijing, and it’s expected to jump-start an information technology pact being negotiated in Geneva by more than 50 countries. Shawn Donnen is World Trade Editor for the Financial Times .
The Economics of Ebola Before Thomas Eric Duncan died from Ebola last week in Dallas, he’d spent nine days in intensive isolated care at Texas Health Presbyterian Hospital at an estimated cost of half a million dollars. The U.S. is facing bigger bills for sending troops to West Africa and implementing airport screenings to fight the disease. But the biggest economic impact will be felt in West Africa, where Ebola could cost more than $30 billion. We look at the economic tolls of a deadly virus.
Will the march for science politicize objective research? Protesters are gathering all over the country for tomorrow's Earth Day March for Science. Since President Trump has proposed massive cuts in basic scientific research, will the movement be perceived as partisan politics — whether scientists themselves like it or not?
"Tough on crime" rhetoric sees a revival at Sessions' DOJ The pendulum swings between treatment-focused approaches to drug abuse and tough law enforcement. Now, after years of Obama-era "reforms," President Trump’s Attorney General, Jeff Sessions wants local police freed from federal restrictions to fight another "war on drugs."