North American Free Trade Agreement
Trump said “real friends” of the United States could win waivers from the new steel and aluminum measures.
Trump pulled out of the Trans-Pacific Partnership last year.
"Congress cannot be complicit as the administration courts economic disaster,” Sen. Jeff Flake warns.
Canada and Mexico could be exempt from new tariffs if they renegotiate the trade deal, he hinted.
WHAT'S HAPPENING
Despite what he said in the State of the Union address, the president hasn't delivered on promised fixes to trade and outsourcing.
Congress approved a law implementing the trade deal, and it is unclear whether Trump can unilaterally undo that.
Canadian and Mexican currencies fell after government sources told Reuters about fears Trump will make the move in the coming weeks.
We've been down this road before.
