Trump's NAFTA Replacement Mostly Keeps the Status Quo

On the campaign trail, Donald Trump harshly criticized free trade deals, threatening to withdraw the U.S. from the Trans-Pacific Partnership as well as the North American Free Trade Agreement, which he called "the worst trade deal."

He withdrew the U.S. from the TPP within days of taking office, and over the weekend announced a new deal, called the U.S.-Mexico-Canada Agreement, or USMCA, to replace NAFTA.

"I promised to renegotiate NAFTA," Trump said in the White House Rose Garden Monday.