Shep Smacks Down Trump Tweet Touting ‘Great Reviews’ of USMCA: It’s ‘Not a Deal Yet’
SMITH: "President Trump has signed a new trade pact, did so today with leaders of Canada and Mexico that the President is calling a ground-breaking achievement. We just got a tweet from him. 'Great reviews on the USMCA.' That’s what they call it. 'So much better than NAFTA.' Actually, the NAFTA framework is still exactly largely intact. With some changes for cars and labor and the environment. This deal, this new deal, is not a deal yet because it still has to overcome some major obstacles before it will ever be able to achieve much of anything. All three countries' governments have to ratify the agreement. Right now Canada and Mexico are in disagreements with the United States over import taxes on steel and aluminum. That did not get worked out. Here in the United States, the agreement faces a very much uphill battle in the U.S. Congress because they won’t do anything on it till next year. By then, Democrats will be in control of the House. Then expect side deals if there’s any deal at all. Blake Burman reporting. He’s live in Argentina."