Senator Pat Toomey (R- PA) criticized the USMCA trade deal reached by the Trump administration and Democrats in Congress on Meet the Press this morning.
“You may be the lone vote on the Republican side against new NAFTA, USMCA,” Chuck Todd said. “You don’t like it at all… you believe it’s a step backwards in trade.”
“We were importing even more from Mexico than we sell to them. We had a trade deficit, we have a trade deficit with Mexico. And the purpose of renegotiating NAFTA was to diminish trade with Mexico, so as to diminish the deficit,” he said. “That’s the wrong direction to go on trade.”
“Trade deficits almost always don’t matter,” Toomey added, to which Todd noted