President Donald Trump’s big Nafta promise all along has been for a trade revolution that would bring manufacturing jobs back to the U.S. and slash the trade deficit with Mexico.
The contours of a “very special” and “incredible” deal with Mexico that Trump announced on Monday remain preliminary and need to be approved by Congress. However, it may meet neither of Trump’s main goals, industry experts and analysts say. If anything the deal, which now needs Canada to sign on, could do the opposite. And that may come back to bite the president politically.