Published: Wed, December 11, 2019
Worldwide | By Lisa Hogan

Wilbur Ross: USMCA Trade Deal 'Within Inches' of Passing

Wilbur Ross: USMCA Trade Deal 'Within Inches' of Passing

The signing ceremony in Mexico City was attended by Mexican President Andres Manuel Lopez Obrador, Canadian Deputy Prime Minister Chrystia Freeland, US Trade Representative Robert Lighthizer, and US White House adviser, Jared Kushner.

They say Mr. Trump leveraged a White House meeting and almost $400 million in military assistance to pressure the Ukrainian president to open investigations of political rival and former Vice President Joseph R. Biden and his son Hunter.

The new deal, which has often been called the new NAFTA, promotes "reciprocal trade" with our partners in Mexico and Canada.

It will boost vehicle production by requiring a great percentage of auto materials to be produced in North America, while boosting minimum wages for laborers on the assembly line. "Good for everybody - Farmers, Manufacturers, Energy, Union - tremendous support", he tweeted.

"Two years ago, I traveled to Mexico to negotiate on behalf of agriculture, because implementing this deal is so important to finally delivering a level playing field for Kansas farmers and producers".

Tim Murtaugh, director of communications for Trump's reelection campaign, argued that although Pelosi didn't want to give Trump a political victory, she realized that her members needed the trade deal just as much.

Senior U.S. and Canadian officials were set to fly to Mexico City on Tuesday to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the U.S. Congress before the end of the year.

"Thanks to President Trump's leadership, we have reached an historic agreement on the USMCA".

House Speaker Nancy Pelosi of Calif., speaks at a news conference on Capitol Hill in Washington, on Tuesday. He said she was more concerned with moving forward on impeachment.

Canada's Prime Minister Justin Trudeau and Trump spoke by phone on Monday evening about "progress towards ratification of the new North American Free Trade Agreement", according to the Prime Minister's Office.

Democrats in the U.S., who control the House of Representatives, were pushing for changes to strengthen enforcement of labour and environmental rules, and provide more flexibility governing drug pricing. Toomey's criticism comes right as President Donald Trump prepares for an event in Hershey, Pa., on Tuesday night where he's sure to tout the deal.

It needs to be approved by legislators in all three countries.

"It will be done by panels, which is normal in trade agreements", he wrote on Twitter. Both sides hailed the deal as a win for American workers.

"I think Canada should be especially pleased with [the new agreement]", said Bruce Heyman, former United States ambassador to Canada, in an interview with BNN Bloomberg Tuesday.

They also have pressed for removal of a provision that grants big internet services providers liability protections for third party content, and are seeking to relax data protections for biologic drugs that they fear will mean higher drug prices.

The U.S. and Canada still need to ratify the deal.

"We would not be doing USMCA in the Senate between now and the end of next week" when Congress concludes its 2019 session, McConnell told reporters.

He said it would also eliminate "special carve outs for corporations like the giveaway to Big Pharma in the administration's initial proposal and loopholes created to make it harder to prosecute labor violations". I have been calling on Speaker Pelosi to bring USMCA to a vote for months.

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