New Trade Deal Unlikely to Be Ratified

“President Trump hailed a revised North American Free Trade Agreement as a victory for the United States, Canada and Mexico on Monday, saying his get-tough approach to trade, including his use of tariffs, was bringing results,” the New York Times reports.

“Mr. Trump portrayed the new agreement as the fulfillment of a campaign promise to terminate NAFTA, saying he had made good on his plan to rip up ‘the worst trade deal ever made’ and help American businesses and workers.”

Playbook: “This is exceedingly unlikely to be ratified this Congress. That’s what every senior Republican and Democratic aide on Capitol Hill says. It’s going to require a massive whip effort, and the House is out until after the election. If Republicans lose the House, there will be an effort to jam this through in the lame-duck. That will be really tough.”