“It has no bomb shells.”Let’s break it down:Balance of TradeThe U.S. trade deficit with Mexico cannot be lowered via a NAFTA renegotiation. But the NAFTA document says nothing about that. Yet, the 17-page NAFTA document devotes almost an entire page to SOEs. Unfair SubsidiesThe negotiating objectives document takes aim at “unfair subsidies,” but doesn’t identify them. Almost everything on the Trump administration’s NAFTA wish list was dealt with in the TPP.

Source: Forbes July 18, 2017 19:42 UTC