Time is running short for President Trump to win congressional approval of the United States-Mexico-Canada Agreement this year, with lawmakers set to work just eight weeks before adjourning in early December. Vice President Mike Pence called on House Democrats on Wednesday to set aside their “partisan impeachment” inquiry and approve the USMCA.
President Trump is creating instability in the farm sector with his periodic threats to withdraw from NAFTA, said the senior Democrat on the Senate Agriculture Committee. Also at an Agriculture hearing on Wednesday, farm groups called for speedy passage of the United States-Mexico-Canada Agreement, which has been put in doubt by the opening of an impeachment inquiry in the House.
Congress “ought to take action early this fall” on the United States-Mexico-Canada Agreement (USMCA) so the trade pact can take effect before the end of the year, said Senate Finance chairman Chuck Grassley on Tuesday. Grassley told reporters that U.S. trade representative Robert …
U.S. farm exports plunged by an abrupt 6 percent this year due to the Sino-U.S. trade war and a worldwide slowdown in economic growth, but they will rebound mildly in the year ahead, said the USDA on Thursday. However, the agency’s first forecast of exports in fiscal 2020 excluded the impact of a promised mutual escalation this fall of the trade war between China and the United States.
The U.S. Apple Association, a trade group, called for free access to overseas markets on Thursday, as it reported that export sales for 2018 had plummeted to $854 million, down from $1.1 billion in 2017.
On Thursday, with Canadian Prime Minister Justin Trudeau seated at his side, President Trump predicted a “very bipartisan” vote in Congress for adoption of the so-called new NAFTA, though when the House will vote on the trade pact is unclear.
Mexico’s Senate ratified the “new NAFTA” on a 114-4 vote on Wednesday, making Mexico the first country to approve the free trade agreement. Prime Minister Justin Trudeau of Canada is to meet President Trump at the White House Thursday to discuss the path forward on the pact.
U.S. trade representative Robert Lighthizer said he was in discussions with House Democrats about “plussing up” the new NAFTA and shied away on Tuesday from suggesting when the White House will ask for a vote on it. Senate Finance chairman Chuck Grassley told reporters that he hoped …
Just months after retaliatory tariffs deposed China as the leading customer for U.S. farm exports, President Trump threatened import duties of up to 25 percent on Mexico, the No. 1 food and ag trade partner of the United States. Farm groups fear the trade war will cut deeper into the shrinking global market for U.S. crops and livestock.
U.S. trade representative Robert Lighthizer sent a letter to congressional leaders on Thursday to trigger the process of approving the new NAFTA. The draft of a so-called statement of administrative action allows the Trump administration to submit the trade deal to Congress within 30 days.