I've strongly endorsed it. You know, you've closed the deal on CETA. It was negotiated by the Conservatives, but you closed it. That's an extremely important deal, with 500 million high-income consumers. There are those in unions who say we shouldn't be negotiating with middle-income or low-income countries, to use the World Bank typology, so that was an important step forward.
The TPP was an important step forward because over half of the world is Asia-Pacific now in terms of GDP and opportunities. The new NAFTA, as I like to call it—the acronym is just too difficult for my old brain to remember, so I'll call it the new NAFTA—is yet to be determined. We don't even know what the new Congress is going to do. I do think it's a fifty-fifty proposition at best, so we won't.... Maybe in a month from now the new Congress will have defeated it because the Democrats want to poke Mr. Trump in the eye. We don't yet know, because there has not been comment specifically and concretely on that, so it's yet to be determined. It might turn out to be a blessing in disguise if they repudiate it, because then we can get the tariffs off.
To answer your question directly, my one criticism is the fact that the tariffs are still on. Tariffs, to anyone who looks at trade, are absolutely pernicious, destructive and negative. I don't see any justification whatsoever for tariffs. The whole point of GATT, at the end of the Second World War was to get rid of tariffs, and then they continued under WTO. Yet here we are, 70 years later, still talking about tariffs, which we all know—every economist knows—don't do anything good.