The new administration has introduced Washington to a new mantra on trade. Complicated multilateral trade deals, such as the Trans-Pacific Partnership or NAFTA , are a thing of the past. No longer will we enter into these massive deals, with many countries, that are thousands of pages long — and which no one from our country even reads or understands, President Trump promised on the campaign trail.
A Free Trade Agreement, or FTA, does not have to be thousands of pages long, the new conventional wisdom goes. From now on, the United States will seek simple bilateral agreements. Dump the Transatlantic Trade and Investment Partnership, known as TTIP, and its opaque investment courts and rules of origin. Instead, let's fast-track a U.S.-Britain FTA, ready to enter into force as soon as the Britain leaves the European Union.
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