While this might reassure markets, there are reasons to be worried about what this template means for governments' ability to respond to health crises.
Thread👇
ca.reuters.com/article/busine…
medium.com/@toddntucker/t…
That's a long stretch in super efficient commercial / delivery markets - both domestic and intl
time.com/5801278/corona…
The US, Mexico, and Canada agree that public health measures *will be consistent* with USMCA.
ustr.gov/sites/default/…
![](https://pbs.twimg.com/media/ETAXK56X0AQVffN.png)
As interpreted by international adjudicators, these constraints are pretty unforgiving. (See my paper here:
papers.ssrn.com/sol3/papers.cf…)
![](https://pbs.twimg.com/media/ETAYI94XgAQQGqF.png)
washingtonpost.com/politics/2019/…
joebiden.com/covid19/
![](https://pbs.twimg.com/media/ETAZzkOWoAMer21.png)
This describes almost any regulation.
ustr.gov/about-us/polic…
![](https://pbs.twimg.com/media/ETAbbtWXsAEmExH.png)
ustr.gov/sites/default/…
![](https://pbs.twimg.com/media/ETAb_FNXYAAibz9.png)
ustr.gov/sites/default/…
![](https://pbs.twimg.com/media/ETAcn9GWsAEOM20.png)
researchgate.net/publication/22…
But, as there are medium run efforts to address roots causes of the crisis👇, expect some dissonance.
bostonglobe.com/2020/03/13/opi…
medium.com/@toddntucker/t…