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I think what he's referring to is that the Iran agreement was fashioned as a Cooperative Plan of Action or something like that and specifically wasn't referred to or treated as a treaty because treaties require Senate approval and Obama wasn't likely to get Senate approval.
I think the analogy falls apart because the Iran agreement had provisions for the next administration to withdraw from it, as Trump did, while declaring a national emergency to build a wall has more concrete long-term effects.
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