“A no is a return to the failed policy of the old NAFTA, the status quo, not this more modernized version,” Kind said during the debate. A bipartisan majority in the House of Representatives on Thursday approved the U.S. Mexico-Canada Agreement (USMCA), bringing President Donald Trump`s trade deal closer to its implementation. “We are moving forward. Good news,” Mexican Foreign Minister Marcelo Ebrard wrote on Twitter after the vote in the House of Representatives, which allowed the Mexican peso to recover easily to reach $18.91 dollar-dollar-dollar/dollar/dollar. For nearly three years, the peso has risen and is coming across news of the NAFTA negotiations. U.S. industry groups breathed with relief over the vote. The trade agreement is now in the Senate and is expected to pass in 2020.
But the final vote showed that both Democrats and Republicans in the House of Representatives are willing to accept this version of the USMCA. We are now going to the Senate, where that is likely to happen, although members of the House of Representatives would probably prefer not to wait until 2020. The other major snag in ratification was Trump`s trade war, particularly tariffs on steel and aluminum, which were imposed on both Mexico and Canada. (In addition, these countries have imposed retaliatory duties.) In the wake of the changes that have ensured Democrats – and Republicans` zeal to support a critical legislative priority for the president – the pact has garnered astonishing support in the lower chamber. Just hours after an almost partisan attempt to remove Mr. Trump from office, Democrats and Republicans – including opponents of NAFTA and others known for their aversion to trade pacts – joined their approval of their deal, which was the final vote of the House of The Year. The vote in the House of Representatives sends the measure to the Senate, but it is unclear when Senate Republican Speaker Mitch McConnell will take it back. He said a USMCA vote would likely follow impeachment proceedings in the Senate, expected in January. The USMCA did not exempt Mexico and Canada from these tariffs, which they both wanted to move away from. They pushed the United States to reach a secondary agreement within the USMCA, which largely protects them from possible tariffs on cars, but those on metals have not deviated. But Ottawa and Washington hammered out their disagreements on issues such as milk settlement and dispute resolution, and the U.S. Mexico-Canada Agreement (USMCA) was born.
(Also known as CUSMA in the north or T-MEC in the south.) “Overall, it`s worth being yes,” Schakowsky said in a pre-vote interview. “I would never sign something that the unions said no to. It was huge. In November 2018, the heads of state and government of the three countries signed the agreement in Argentina at the G20 conference. Then came the difficult part: ratify the agreement in all three countries. 38 Democrats, two Republicans and Independent Rep. Justin Amash voted against the deal. The House of Representatives voted 385 to 41 in favour of the USMCA, an updated version of the North American Free Trade Agreement (NAFTA). A total of 193 Democrats supported the law after Democratic leaders in the House of Representatives succeeded in crafting changes in the areas of labor, the environment, enforcement and pharmaceutical regulations.
These adjustments provided support for U.S. labor and provided Democrats with a way to support the agreement. Christopher Padilla, ibm`s vice president of public affairs and regulatory affairs, said the deal had “the strongest digital trade rules in a negotiated agreement to date. It sets a new global standard. “This modernized trade agreement between our North American trading partners will strengthen the U.S. auto industry and the automotive supply chain,” Blunt added. The Democrats` support has been bolstered by the support of powerful working-class voices, including the AFL-CIO – which has not approved a trade deal for 18 years – and the Teamsters. Everybody