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Catherine Rampell: Has Trump really ended NAFTA? Not just yet.

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President Trump announced Monday that he’s “terminating” the North American Free Trade Agreement, and boasted that he and Mexico just struck “maybe the largest trade deal ever made.”

Actually: Trump can’t unilaterally kill NAFTA; this is only a possible step toward any new trade deal involving Mexico; it’s probably not a good step; and it may not actually lead to any new deal at all.

In other words, it's precisely the puffery we've come to expect from a president who doesn't understand what his own administration is doing, or doesn't care.