SDI, Free Trade, and the Great White North

IT has been more than a year since President Reagan and Prime Minister Mulroney pledged themselves to negotiations that would lead to a treaty sweeping away most—or at least many —of the tariff and nontariff barriers to trade in goods and services between the United States and Canada.

That announcement, made at the Quebec City “Shamrock Summit” on St. Patrick’s Day 1985, has produced a major domestic squabble in Canada and a peck of political troubles for Mulroney. It also triggered, in Canadian financial circles, a serious examination of the country’s economic prospects and competitive situation.

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Donald Coxe

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IT has been more than a year since President Reagan and Prime Minister Mulroney pledged themselves to negotiations that would lead to a treaty sweeping away most—or at least many —of the tariff and nontariff barriers to trade in goods and services between the United States and Canada.

That announcement, made at the Quebec City “Shamrock Summit” on St. Patrick’s Day 1985, has produced a major domestic squabble in Canada and a peck of political troubles for Mulroney. It also triggered, in Canadian financial circles, a serious examination of the country’s economic prospects and competitive situation.