Euphoria Around Mexico Trade Deal Is Over, Richards Says

The transcript discusses ongoing NAFTA negotiations, focusing on Canada's position and President Trump's threats to terminate the agreement. It explores the legal debate over whether Trump can unilaterally end NAFTA without Congress and the potential market impacts if a deal is not reached. The discussion highlights the importance of a trilateral agreement with Mexico and Canada and the political implications for the upcoming midterms.

What is the significance of Congress in the context of NAFTA negotiations?

How might the markets react if the President withdraws from NAFTA and only has a deal with Mexico?