The Commerce Department and Mexican tomato growers initialed a new agreement that, beginning on Sept. 19, will control U.S. imports of roughly $2 billion a year worth of fresh tomatoes from Mexico, said officials from both nations on Wednesday.
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 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.
The Sino-U.S.trade war has pushed the new NAFTA, a pact that Canada, Mexico and the United States back with varying degrees of enthusiasm, into the shadows on Capitol Hill. Senate Finance chairman Chuck Grassley said on Tuesday that a vote on the free trade agreement could be delayed for a year …
U.S. food and agricultural exports would increase by $2.2 billion, or 1.1 percent, with full implementation of the United States-Mexico-Canada Agreement, the successor to NAFTA, said the U.S. International Trade Commission in a report issued Thursday.
Leaders of EU countries agreed to open trade talks with the United States on Monday with the goal of eliminating tariffs on industrial goods but said that agricultural products would not be part of the negotiations.
Vice President Mike Pence told Indiana farmers on Thursday that the Trump administration is “absolutely determined to see the USMCA completed and ratified by the U.S. Congress this spring.” During his visit, the vice president heard complaints about tariffs on agricultural products from “numerous” crop and hog farmers.
To speed approval of the successor to NAFTA, President Trump should remove tariffs on steel imported from Canada and Mexico, said Senate Finance Committee chairman Chuck Grassley on Monday.