Behold, Donald Trump’s failed American trade gambit

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Open this photo in gallery: U.S. President Donald Trump.The Associated Press Andrei Sulzenko was a principal negotiator of the Canada-U.S. Free Trade Agreement. The United States has for many years preferred bilateral trade agreements to those involving multiple partners. The main reason is that, as the dominant economic player, the U.S. has greater leverage one-on-one than in a larger group such as the almost 200 countries involved in the agreements under the World Trade Organization. Another reason for this approach is that a set of U.S.-centric bilateral agreements provides the country with preferential access to its trading partners without granting...