Bloomberg Talks
Nouriel Roubini Talks North American Union Proposal
Mar 21, 2025
Nouriel Roubini, CEO of Roubini Macro Associates and NYU Stern professor, unveils his provocative proposal for a North American trade union involving the US, Mexico, and Canada. He discusses how this union could enhance trade and economic integration, particularly amid rising tensions. Roubini weighs the challenges of transitioning from free trade to a full economic union, while also exploring labor dynamics and income disparities. Historical comparisons to the European Union spotlight potential benefits and obstacles, especially in sectors like automotive.
07:52
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Quick takeaways
- Nouriel Roubini proposes a North American economic union to enhance trade relations and address tariffs and imbalances among the US, Canada, and Mexico.
- The transition from a free trade area to a customs union is intended to implement a unified external tariff, protecting local industries effectively.
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