The U.S. withdrew from the multilateral trade pact a year ago. Trade ministers of Canada, Chile and New Zealand talking to the press Thursday in Santiago, Chile, where those countries and eight others signed a new version of the Trans-Pacific Partnership. The U.S. withdrew from the multilateral trade pact a year ago. Free-trade advocates in the U.S., however, were chagrined at the split-screen image of Washington’s allies signing a new trade pact while the American president unveils new tariffs. The Trump administration is currently locked in contentious negotiations with Canada and Mexico to overhaul the North American Free Trade Agreement, or Nafta.

Source: Wall Street Journal March 08, 2018 10:30 UTC