President Trump, the self-described “TARIFF MAN,” talked a lot about trade on the campaign trail and has promised over and over again to put America first when it comes to manufacturing, farming, you name it.
But one of the biggest aspects of the U.S.’s trade environment is the North American Free Trade Agreement (NAFTA). Trump promised to scrap it, to the chagrin of many in the GOP, then managed to come to an agreement with the leaders of Canada and Mexico back in November 2018 on a new deal.
But the deal looks increasingly imperiled now that the House of Representatives is controlled by Democrats. It’s looking more likely than not that the deal will have to be re-negotiated to win their approval, which could drag out the process by months or even years, potentially past the 2020 election.
This was supposed to be one of President Trump’s hallmark issues. Coupled with his defeat on the border wall after a 35-day stalemate that shut down the government and cost the U.S. economy $3 billion, Republicans are feeling increasingly panicked about 2020 prospects.
So far, the only real accomplishment legislatively from the Trump administration (even with two years of unified Republican control) has been the tax bill, whose popularity has continued to decline since its passage.
Not a great situation for the President.
In one of many surprise announcements from President Trump, he announced late last year th…