President Kevin Kester issued the following statement in response to the signing of the U.S.-Mexico-Canada Agreement (USMCA): “With the signing of the U.S.-Mexico-Canada Agreement (USMCA), U.S. beef producers are one step closer to knowing that unrestricted, science-based trade will continue in North America. The agreement brings the trading relationship with our neighbors into the 21st century – and clearly rejects …
GOP Lawmakers Want USMCA Passed This Year
A dozen Republican lawmakers sent a letter to U.S. President Donald Trump, asking him to send final legislative language on the U.S.-Mexico-Canada Trade Agreement (USMCA) to Congress as soon as possible. They want Congress to be able to vote on it before Democrats take control of the House in 2019. A Bloomberg report says the legislators think the final passage …
Incoming House Majority Demanding USMCA Changes
With Democrats taking control of the House of Representatives, key party leaders in the chamber are demanding changes to the U.S.-Mexico-Canada trade agreement. The USMCA, an updated version of the North American Free Trade Agreement, is expected to be signed by the U.S., Mexico and Canada during the upcoming G-20 summit at the end of this month. However, Congress must …
Canada Willing to Stall Trade Deal with China until China is More Reasonable
Canada is willing to stall a potential trade deal with China until China starts behaving better, according to CBC News. Canada’s ambassador to China says a trade pact doesn’t seem likely to be reached until China shows flexibility on controversial policies. Ambassador John McCallum says right now, much of the work on a potential trade agreement is focusing on “bridging …
Canada, Mexico, Want Steel and Aluminum Tariffs Lifted
Canada and Mexico want the U.S. to remove steel and aluminum tariffs now that a NAFTA 2.0 framework is in place. Canada has asked the U.S. to lift the tariffs “as soon as possible.” Mexico’s top negotiator for the North American Free Trade Agreement, now the U.S.-Mexico-Canada Agreement, says Mexico should not sign the agreement until the tariffs have been …
USMCA a Framework for Future Trade Deals
A White House adviser says the U.S.-Mexico-Canada Agreement (USMCA) is a model for future trade agreements. USMCA will replace the North American Free Trade Agreement (NAFTA), if approved. Kevin Hassett, chairman of the White House Council of Economic Advisers, said this week that other potential agreements will “look very much alike, and very much like this,” according to Politico. His …
Trudeau Says USMCA Keeps China Trade Door Open
Canada’s Prime Minister says the new U.S.-Mexico-Canada Agreement (USMCA) allows Canada to move forward with trade talks with China. Despite a provision in the text of the agreement that allows the U.S. to opt-out of the deal if Canada or Mexico engages with China, Justin Trudeau claims the provisions were “watered down” in the final version of the agreement. He …
USMCA Fate Could Rest with Democrats After Elections
Politico says the new United States-Mexico-Canada Agreement (USMCA) likely won’t get voted on before 2019. That’s because of a packed Congressional schedule at the end of this year, as well as a limited political will to hold a vote. That likely means Democrats will have a huge say in whether or not the deal gets enacted, if as many polls …
Secretary Perdue Comments on USMCA
U.S. Secretary of Agriculture Sonny Perdue issued the following statement regarding the announcement of a United States-Mexico-Canada Agreement (USMCA): “The great news of a new USMCA deal is important for our economy as a whole, including the agricultural sector, which counts Canada and Mexico in our top three trading partners. I have long said that I believe our country is …
U.S., Canada Trade Officials Discussing Next Steps
The U.S. and Canada are discussing the next steps for approving the U.S.-Mexico-Canada Agreement that will replace the North American Free Trade Agreement. U.S. Trade Representative Robert Lighthizer visited Canada this week meeting with his Canadian counterpart, Chrystia Freeland. A spokesperson for Freeland told Bloomberg News the meeting was an “opportunity to take stock of the next steps on USMCA.” …