President Donald Trump is doing the victory lap as he celebrates his new USMCA trade agreement. Which is, essentially, Nafta with the name changed. Which allows him to declare, a month before the midterms, victory – a victory that pleasures his base – and he can go, and bring them, home. Not bad as a piece of politics even if the economics of it all is both upside down and trivial.
For the thing is, really, not much has changed:
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James Pethokoukis Trump’s new trade deal with Canada and Mexico fixes what he broke.