free trade

Trump posted on social media that he agreed to not tax Mexican goods that trade under the rules of the North American free trade agreement known as USMCA.

"The door is ajar for China to position itself as an advocate of free trade and a stable global force," said Mr Cruise of Moody's.

Neoliberalism is mainly about the benefits of free trade to liberal societies.

His actions have been overshadowed by tariffs on products made in Mexico and Canada - America's top two trade partners, which have long operated under a free trade agreement with the US.

Since leaving the European Union, successive British leaders have hoped to get a general free trade deal with the US.