Is the new NAFTA the biggest trade deal ever, as Donald Trump said?

President Donald Trump sat down with the Canadian and Mexican heads of state to sign the renegotiated North American Free Trade Agreement, or NAFTA, at the G20 summit in Buenos Aires, Argentina, on Nov. 30. And of course, Trump touted the deal — re-dubbed the United States–Mexico–Canada Agreement, or USMCA — with superlatives. “The USMCA is the largest, most significant, modern and balanced trade agreement in history,” Trump said. “All of our countries will benefit greatly. It is probably the largest trade deal ever made, also.” Trump’s statement is somewhat subjective, so we won’t place it on the Truth-O-Meter. But we … >>More