to prevent the downward movement of their currency. paul: the president is pushing for the u.s., canada, mexico trade deal, the president is pushing for it very hard. nancy pelosi is not going along with it. you have said you will not vote for the revised nafta in its current form. why not? i think it moves backward on free trade. it doesn t change that much relative to the underlying nafta. i would say there are three big change, i ll say four. there s mode modernization. paul: and that s good. that s good. they cut an that in. all good. there s three problems maybe there s more than three. a big part of the motivation was to impede the trade in automobiles, cars and car parts. the president s problem with nafta is we have a trade deficit with mexico. it s reciprocal. the result was that we have a modest trade deficit with mexico
to prevent the downward movement of their currency. paul: the president is pushing for the u.s., canada, mexico trade deal, the president is pushing for it very hard. nancy pelosi is not going along with it. you have said you will not vote for the revised nafta in its current form. why not? i think it moves backward on free trade. it doesn t change that much relative to the underlying nafta. i would say there are three big change, i ll say four. there s mode modernization. paul: and that s good. that s good. they cut an that in. all good. there s three problems maybe there s more than three. a big part of the motivation was to impede the trade in automobiles, cars and car parts. the president s problem with nafta is we have a trade deficit with mexico. it s reciprocal. the result was that we have a modest trade deficit with mexico