The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) — which created a single market from Mexico’s southern border to the Yukon — but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada. ...

First they conveniently lost their voice; then they miraculously got it back. But now that the pundits of India’s economic establishment are talking again, all investors hear is discord. The biggest casualty of the war of words between the finance ministry in New Delhi and the central bank in Mumbai is India Inc. Without clarity on where policymakers want the ...

The Federal Reserve has prepared investors for a small increase in interest rates this week, part of its effort to get monetary policy back to normal. The central bank should deliver the quarter-point rise the markets expect — but that isn’t all it ought to do. Investors’ attention is turning to a new question: What does the Fed intend to ...