the whole thing expires in 16 years unless renegotiated. it means higher wages. especially auto workers. to stay duty free, 2/5 of a car sold in north america must be made by workers making $16 an hour. 75% of car parts must be made in north america to avoid tariffs or duty. the deal doesn't kill the steel and aluminum tariffs which mean higher costs. the next step is congress. does the president think the deal will pass? >> i think so. we have other alternatives. >> he did not specify the alternati alternatives. >> there is nothing the president likes more than rebranding. even as a real estate guy. >> even in tpp. it was an international trade deal that he despised and got out of. tpp would have modernized nafta