Adjunct Professor Matt Gold was quoted in an NBC article about Trump’s NAFTA renegotiation.
President Trump said, “The deal includes a substantial increase in our farmer’s opportunities to export American wheat, poultry, eggs, dairy— including milk, butter, cheese, yogurt and ice cream.”
But for the steel industry, 25% tariffs remain in place while talks continue. “Without tariffs,” President Trump Explained, “we wouldn’t be talking about a deal. Just for those babies out there who keep talking about tariffs.
But trade experts say the agreement sounds awfully familiar. Matthew Gold is an international trade law professor at Fordham University. He said, “ This is the old NAFTA with a large number of small improvements most of which were taken from the Trans-Pacific Partnership, or TPP, an agreement that President Obama negotiated that President Trump withdrew from.
To the president, it’s a campaign promise kept: “Not NAFTA redone, it’s a new deal.” And he predicts his get-tough approach will also work with China and the European Union.