Tuesday, 2 October 2018

CNBC's John Harwood: New Canadian Trade Deal Is Mostly 'Relabeling' Of Obama's

After the U.S. agreed to a trade deal with Canada, CNBC's John Harwood told MSNBC that most of the improvements on the deal were on Trump's desk, "the day he walked into office" as they were negotiated by President Obama.

Minutes before Trump was going to hold a presser to discuss the trade deal with Canada, John Harwood gave Craig Melvin some insight about what had actually happened.

"Is it a win for the president?" Melvin asked.

CNBC's editor at large said it was better to have a deal in place for the U.S. economy which may open up of Canada's dairy market, than not, since Trump ripped up NAFTA.

Harwood said, "but most of the improvements on the deal were on the president's desk the day he walked into office. They were negotiated by President Obama and his counterparts in Canada and Mexico as part of the Transpacific Partnership which president Trump quickly threw in the trash can.

He continued, "Mostly this is re-labeling."

Harwood wasn't sure if some changes to the auto manufacturing industry would create more jobs and higher wages for workers here in America.

"So, mostly the president who is a master marketer is putting his name on a deal that was already in place, and it's better than not having a deal," Harwood said.

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