The United States – Mexico – Canada Agreement (USMCA) is rounding the final turn and heading towards the home stretch. We can see it coming closer. However, there are a few more hurdles for it to leap. But once it does clear our Senate and is signed on by President Trump, then what?
Dan Ujczo is an International Trade and Customs lawyer based in Ohio. He says the passage of USMCA out of the Senate may not be as quick as we hoped. More Senate committees must sign off on it, and it looks as though Speaker Pelosi is going to deliver the Articles of Impeachment to the Senate very soon.
Ujczo says he expects all three countries to have ratified the deal by the end of February or early March at the latest. However, that doesn’t mean it is over. Then, there is a three-month wait for USMCA to take effect. Likely, this means an optimistic start date of May 1st.
Thankfully, there aren’t many changes in agriculture from the first NAFTA agreement.
Ujczo says it is a matter of “when”, not “if” USMCA will be a done deal.