Why Trump wants to rip up his own trade deal

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• 00:01

  NPR.

• 00:06

  This is The Indicator from Planet Money.

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  I'm Adrian Ma.

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  And I'm Darian Woods.

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  Six years ago, President Trump signed a trilateral trade pact called the U.S.-Mexico-Canada Agreement, or USMCA.

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  Well, if you're in Canada, you call it the C-U-S-M-A, CUSMA.

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  Or in Mexico, it's called Tratado Mexico-Estados Unidos-Canada.

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  Sounds like Bad Bunny at the end of the Super Bowl.

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  Three names, and you know what's funny?

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  The word trade doesn't appear at all.

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  President Trump was a driving force behind this agreement.

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  So when he signed it in 2020, he was pretty proud of it.

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  The USMCA is the largest, fairest, most balanced and modern trade agreement ever achieved.

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  So if that's how Trump felt back then, why, just days ago, did he say this to reporters?

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  We do better as a country if we don't have an agreement.

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  Yeah, I'm thinking about maybe we won't be able to make a deal.

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  I would rather not have the USMCA.

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  The timing of this shift isn't coincidental.

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  That's because today, July 1st, the three countries are getting together to decide whether or not to continue the USMCA.

• 01:11

  Today on the show, we'll explain why and what happens if they can't make a deal.

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