New Trade Deal With Mexico And Canada Won't Pay For A Border Wall, But Trump Keeps Saying It Will

"We will be taking in billions and billions of dollars more money for the United States including jobs, including companies that won’t be leaving us anymore and going to Mexico and in some cases Canada, to a lesser extent," Trump told reporters on Friday at a Rose Garden press conference.

"We will take in billions and billions of dollars, far more than the cost of the wall. The wall is peanuts compared to what the value of this trade deal is to the United States," he added.

"While there are positive things in this proposed trade agreement, it is just a list without real enforcement of the labor and environmental protections,” House Speaker Nancy Pelosi said in a statementin December.

It's been called NAFTA 2.0, and largely, it sticks to the framework that NAFTA created in 1994. Here's some of what's changing:

*75% of car components must be made in North America, up from NAFTA's 62.5%.

*More auto parts will have to be made by workers who earn at least $16 an hour.

*US dairy farmers will have more opportunities to sell their products in Canada, but not by much.

*There's lengthier protections on intellectual property, including digital materials and pharmaceuticals.

That might mean fewer auto industry jobs move to Mexico, which saw an explosion in its own industry under NAFTA as US plants cut jobs. But nothing in the proposed trade deal would require the Mexican government to pay money to the US government.