Trump now 'hates' his own trade deal. But he'll have a hard time killing it.
(Politico) President Donald Trump keeps saying he wants to walk away from the $1 trillion-plus North American trade deal he negotiated in his first term. Nobody believes he will.
But Trump's refusal to commit to the tariff-lowering pact means that his administration must now enter a protracted period of negotiations with Mexico and Canada — extending what has already been a year of uncertainty for major U.S. industries like automakers and dairy farmers who rely on multibillion dollar supply chains and export markets across the continent.
"Uncertainty makes it hard for businesses to plan. It's that simple," said Anne McKinney, the vice president of the Americas program for the U.S. Chamber of Commerce. "One of the main benefits of USMCA is the certainty that it provides, the stability. And when companies don't have that, it makes it harder to plan investments."
When Trump signed the U.S.-Mexico-Canada Agreement in early 2020, he called it "the largest, most significant, modern, and balanced trade agreement in history." Congress approved the pact, a renegotiated version of the 1990s North American Free Trade Agreement, by wide margins.
https://finance.yahoo.com/economy/policy/articles/trumps-threats-keep-trillion-dollar-090000717.html