McConnell Reveals When Senate Will Pass Trump’s Historic USMCA Trade Deal
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Senate Majority Leader Mitch McConnell has revealed when the GOP-controlled Senate will vote in favor of passing President Donald Trump's historic trade deal with Mexico and Canada.
While speaking with reporters on Capitol Hill, McConnell said the Senate needs to ratify the United States-Mexico-Canada Agreement after the House passed it last month.
The Kentucky Republican thinks Congress can pass the trade pact before the expected start of Trump’s Senate impeachment trial next week.
“We are, it looks like, going to be able to process the USMCA here in the Senate this week,” McConnell told reporters after the GOP’s weekly policy lunch. “That’ll be good news for the Senate and for the country, and something I think we have broad bipartisan agreement on.”
Congress is set to approve USMCA about 14 months after the U.S., Mexico and Canada first announced an agreement.
Democrats stalled for more than a year and demanded the Trump administration add things to the deal, such as provisions for enforcing labor and environmental standards.
Mexico has ratified the deal. Canada has not yet passed it. USMCA does not take effect until all three countries approve it.
Below are some details on the historic trade deal:
The USMCA, which overhauls the Clinton-era North American Free Trade Agreement, commonly known as NAFTA, requires 75 percent of automobile components be manufactured in the United States, Canada and Mexico in order to avoid tariffs, and that 40 to 45 percent of automobile parts be made by workers who earn at least $16 an hour by 2023.
USMCA is expected to create “north of 176,000 new jobs” and inject $34 billion into the U.S. auto industry.
As many as 589,000 new jobs could be created within five years.
The USMCA is one of Trump’s landmark victories and will result in tens of billions flowing back into the United States.
It ends the 30-year-old NAFTA trade agreement that President Bill Clinton passed while in office, which led to countless American jobs disappearing.
While Trump is making America stronger and more prosperous than ever -- Democrats are still trying to remove him from office.