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Trade advocates relieved at Trump's moderate turn on NAFTA

Trump with Mexican President Peña Nieto / AP

Trade advocates in Washington who Donald Trump would've mocked as "globalists" on the campaign trail are breathing sighs of relief at his far more conventional turn on NAFTA.

Today, the Trump administration released its statement of negotiating objectives for the trade agreement. It's the first step in renegotiating the trade deal and there's nothing in there that terrifies establishment Republicans on Capitol Hill or the Mexicans and Canadians who'll ultimately be sitting across the negotiating table.

Why this matters: This document is a far cry from a couple of months ago when Trump was on the verge of withdrawing from NAFTA. (He had to be talked off a cliff by moderates in his administration, with Agriculture Secretary Sonny Perdue famously convincing Trump by showing him a map of the "Trump country" states that would be hit hardest by the decision.)