By itself, the Colombia pact would not have a major impact on trade, but it has become one of the administration's international economic priorities, along with other deals with Panama and South Korea.
It is also true that the industry has gone from having no impact on trade to becoming an import industry, one that adds to the current trade deficit.
Interestingly, digitization, which is one of the key technologies driving innovation, with a profound impact on trade and trade relations, is so far only a minor topic in the WTO.
Are you concerned – or hopeful – about the impact on trade?
What will be the likely impact on trade?
But it's premature to predict the potential impact on trade of a Democrat winning the White House.
The savings from reduced EU budget contributions and regulation are greatly outweighed by the negative impact on trade and investment.
This matter is going to be discussed with the US, these regulatory matters which have an impact on trade.
In a paper published last year, he argued that the models "drastically underestimated" NAFTA's impact on trade flows (if not on jobs).
But if some of the omitted factors are correlated with membership of a monetary union, the estimate of its impact on trade is exaggerated.
But whatever the eventual impact on trade, Chinese inflation might also reduce Washington's pressure on Beijing over its currency, the renminbi.
