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.
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 …
Without providing details, President Trump said on social media over the weekend that Mexico, the largest U.S. food and ag trade partner, would "immediately begin buying large quantities of agricultural product from our great patriot farmers." Purchases were not mentioned in a joint declaration by the North American neighbors to avert temporarily Trump's threat to impose tariffs on all imports from Mexico unless it acted to restrict crossings at the southern U.S. border.
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.
Vice President Mike Pence and Canadian Prime Minister Justin Trudeau are scheduled to confer today in Ottawa on what could be a summertime sprint in both countries to ratify the USMCA trade agreement.
The three largest countries in North America announced an end to the 11-month battle of tariff and retaliatory tariff that pinched U.S. farm exports to Canada and Mexico, the two largest customers in the world in the for the goods. The agreement, which took effect over the weekend, improved the prospects for ratification of the new NAFTA and altered the dynamics of the Sino-U.S. trade war.