Donald Trump, as a candidate, promised to withdraw from the Trans-Pacific Partnership trade agreement. He delivered within one month of taking office. He also promised to renegotiate or withdraw from the North American Free Trade Agreement. Despite taking criticism from all sides, he has now delivered with the announcement of a new U.S.-Mexico trade agreement.

NAFTA, a trilateral trade deal the president once called “one of the greatest economic disasters,” contributed to our country’s growing, $800 billion goods trade deficit. In fact, today’s $70 billion U.S. goods trade deficit with Mexico used to be a $5.3 billion surplus in 1992 – before the deal was implemented.