Summary
Trade deals between countries involve complex negotiations led by key negotiators from each side. Recent changes in the approach, including pressure from the US under President Trump, have affected the tone and manner in which these discussions are conducted.
Key Facts
- Trade deals are formal agreements between countries to govern trade practices.
- Under President Trump, the US has used tariff threats to push countries into signing new trade deals.
- Negotiations now often have a more defensive and combative tone compared to the past.
- Each side of a negotiation appoints a chief negotiator and teams for specific topics like tariffs and regulations.
- Negotiations can take years and involve long work hours to meet deadlines.
- Building trust is crucial in negotiations, but each side protects its national interests.
- External factors, like political and economic opposition, can influence the success of trade talks.
