The last two weeks have been monumental in the arena of trade, but the country was too enmired in the shallow grave of impeachment to really focus on it.
Three things happened:
1. The USMCA (United States Mexico Canada Agreement) was passed by the United States House of Representatives.
This deal replaces NAFTA (North American Free Trade Agreement) and does great things for agriculture with Canada and US product content in goods (cars) whose final assembly is done in Mexico as well as prevailing wages.
2. The US and China had a first date on trade — nobody is renting reception halls for the marriage, but it was a first step on the crawl, walk, run continuum.
3. The US neutered the World Trade Organization by refusing to nominate members thereby destroying the quorum and preventing the WTO from taking any action against the US, a brilliant move. This is one that is completely overlooked.
The guy who did this is the man on the right, Robert Lighthizer.