Donald Trump tweeted that he’d begin renegotiating the North Atlantic Free Trade Agreement on Thursday, fitting the first step on a core campaign promise just under the wire ahead of Saturday’s 100 days marker.
Trump campaigned repeatedly on his promise to renegotiate or withdraw from the deal, running televised ads on it while deriding from the campaign trail as “the worst trade deal maybe ever signed anywhere.” The deal was a bludgeon Trump used to criticize his opponent, Hillary Clinton, whose husband implemented the deal after it was negotiated by his Republican predecessor.
For a president who called the deal “a total disaster” that caused “carnage” and was “horrible," the renegotiation is a tempered step. After initial reports that he might take steps to leave it on Wednesday, Trump agreed to let it stand for now while the three nations — Mexico, Canada, and the United States — attempt to renegotiate the terms. He tweeted Thursday to insist that withdrawal was still on the table, saying he agreed to renegotiate “subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good - deal very possible!”
“We have cleared the way for the construction of the Keystone and Dakota Access Pipelines — thereby creating tens of thousands of jobs," President Trump said.
The Facts: A 2014 State Department estimated last year that the two pipelines combined would create a 16,100 temporary construction jobs, while 26,000 jobs are expected to come from contractor and employee spending (think the fast food worker who serves construction workers breakfast).
Less than 100 are expected to outlast construction, according to the State Department and a Brookings Institution estimate.
“My economic agenda can be summed up in three very beautiful words,” then-candidate Donald Trump told crowds so often they began to finish his sentence. The chant was always the same: “Jobs, jobs, jobs!”
He promised 25 million new jobs over the next decade, vowing to rebuild American manufacturing and energy industries while gutting regulations he says are hurting job creation.
We’ll watch for jobs lost and jobs created, how regulations on the chopping block change industry, and monitor how Trump's “America First” policies affect the global and domestic economy. We'll look particularly to see if the big tax cuts Trump has championed create jobs and help the working-class voters he has argued will most benefit.