HUGE: House Dems Agree On Trade Deal, Big Win for President Trump
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On Tuesday in the midst of the impeachment drama, House Democrats finally agreed with the Trump White House to move forward with President Trump's trade deal with Canada and Mexico.
This deal has been in the making for over a year as Democrats have attempted to obstruct the President and his plans. The new deal will replace the North American Free Trade Agreement.
Check out what CNBS reported:
The Trump administration needs to submit ratifying legislation to Congress for the House to move forward with approving the agreement. Once the White House submits text — it could do so in the coming days — a 90-day window to approve USMCA starts.
The three countries are expected to sign the revised agreement Tuesday.
The deal as signed last year made a few key changes from NAFTA, which took effect in 1994. U.S. farmers got better access to the Canadian dairy market, rules of origin for auto parts became more strict, nearly half of automobile parts had to be produced by workers who make at least $16 an hour and digital trade and intellectual property rules were updated, among other provisions. Still, Democrats fought for measures they said would better prevent outsourcing of U.S. jobs to Mexico.
In a news conference Tuesday, Democrats highlighted the provisions they pushed to include in the revised USMCA. House Speaker Nancy Pelosi said the new agreement is “a victory for America’s workers and it’s one we take great pride in advancing.” House Ways and Means Committee Chairman Richard Neal, a Massachusetts Democrats who led his party’s talks with the Trump administration, called it a “triumph” for organized labor and “workers everywhere across America.”
The House could move to vote to ratify the bill before the end of the year, when a likely impeachment trial in the Senate and the 2020 election will take up more of Washington’s attention. The White House and business groups have pushed for ratification in 2019 in part because the lack of an agreement adds to the uncertainty farmers and other businesses face from the administration’s trade conflicts around the globe.
President Trump made sure to chime in, saying that things were "looking good," noting how the deal would greatly benefit farmers and manufacturers.
"America’s great USMCA Trade Bill is looking good. It will be the best and most important trade deal ever made by the USA. Good for everybody - Farmers, Manufacturers, Energy, Unions - tremendous support. Importantly, we will finally end our Country’s worst Trade Deal, NAFTA!" he tweeted.
He also added, "Looking like very good Democrat support for USMCA. That would be great for our Country!"
Other Republicans, meanwhile, cast the agreement as a victory for Trump. Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said Trump “kept his word” to renegotiate NAFTA, “and Americans will enjoy the many benefits of this upgraded trade deal as a result.”
In a statement, Vice President Mike Pence said Trump “promised to fight for trade deals that put American jobs and American workers first” and USMCA “does just that.”
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