President Donald Trump’s principal policy accomplishments thus far have been in the area of regulatory reform. The adoption of regulatory budgeting, use of the Congressional Review Act to repeal Obama-era regulations and a considerable slowdown in new rulemaking over the first 150 days are all positive steps.
But, of course, there is more work to be done. Nagging red tape and burdensome regulations continue to impose real costs on the U.S. economy.
One area ripe for further reform is the possibility of greater regulatory harmonization with Canada. The economic relationship between the two countries is already the most extensive and successful in the modern world. Two-way trade reached $870 billion (or $1.6 million per minute) in 2014. Canada is the largest customer for 35 U.S. states and among the top three for 12 others. Nearly 9 million U.S. jobs depend on trade and investment in Canada….