Commentary:Trump has finally agreed to a fairly modest and sensible update of the North American Free Trade Agreement, while attempting to spin the announcement as the replacement of a horrendous deal with a magnificent new one, writes Andres Martinez, a professor of practice at the Cronkite School of Journalism and Mass Communication at Arizona State University. The way in which the new deal was hammered out – from Trump’s over-the-top hostility (first towards Mexico, then towards Canadian Prime Minister Justin Trudeau) to its happy ending – offers instructive insights into the Trump modus operandi, and a strong hint of things to come.
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European Union ministers debated what to offer the United States to ease trade tensions and avoid a return to a tit-for-tat tariff conflict that could hit EU cars.
Shares of Tesla fell as much as 4 percent, after Chief Executive Elon Musk stirred nerves about the settlement of his securities fraud lawsuit by mocking the U.S. Securities and Exchange Commission on Twitter.