Trump's Plan to Replace NAFTA Sounds Dramatic. But There's Reason to Be Skeptical

President Donald Trump gathered reporters in the Oval Office Monday to make a dramatic-sounding announcement: He was going to end the North American Free Trade Agreement and replace it with a bilateral deal his Administration had negotiated with Mexico.

"It’s a big day for trade," said Trump. "They used to call it NAFTA. We’re going to call it the United States-Mexico trade agreement.