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 …
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 …
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.” …
China Language in USMCA Not Surprising
Language against trade talks with China in the U.S.-Mexico-Canada Agreement is not surprising, according to a Chinese editorial. The South China Morning Post, an English language newspaper based in China, says the policy is perhaps the worst feature of the USMCA for Beijing, as it may become a template for future trade talks Trump holds with allies such as Japan, …
Perdue Favors Removal of Section 232 Tariffs on Canada, Mexico
Agriculture Secretary Sonny Perdue says he favors removing the Section 232 tariffs on Canadian and Mexican steel and aluminum which has led those countries to impose tariffs on U.S. farm products. Perdue acknowledged that the tariffs have “a dampening effect” on the benefits of the new U.S.-Mexico-Canada Agreement, according to the Hagstrom Report. Perdue said: “I would be an advocate …
Ag Sec Perdue Talks US-Mexico Trade Deal
Agriculture Secretary Sonny Perdue talked one-on-one with AgNet Media about the new North American trade agreement called USMCA. Perdue said the agreement is beneficial for many producers. Ag Sec Perdue Talks US-Mexico Trade Deal Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Congress Could Press for NAFTA Vote This Year
Republicans could push for a swift vote on the U.S.-Mexico-Canada Agreement if Congressional power swings to Democrats in the November elections. Some Republicans in the Senate are pushing to approve the new trade deal this year, if the party loses majority in the House. The USMCA will replace the North American Free Trade Agreement, and if one of the chambers …