The North American Free Trade Agreement (NAFTA) as we know it no longer exists. In an era of shifting trade winds precipitated by the free trade policies of Donald Trump (no tariffs, no barriers, no subsidies, etc), the threat of a global ‘trade war’ has now crossed the horizon.
That ‘war’ is being precipitated by the nations who most insist on maintaining their controls on free trade, while hypocritically pretending to be on the side of ‘free trade.’ To them, Donald Trump is the ‘bully.’ Bully for them. But crying ‘bully’ doesn’t make it so.
As Western University’s assistant professor of political science Salim Mansur illustrates, we are witnessing a shift in world trade – away from the destructive policies of ‘globalism’ and back to a world of sovereign nations, each determining its own destiny and interests against those imposed upon it by other nations.
The lesson to be learned is that every nation – whether under ‘globalism’ or ‘nationalism’ – will always act in its own interest. As soon as that interest in no longer served, old ‘alliances’ quickly fade while new ones are formed.