The United States – Mexico – Canada Agreement (USMCA) has been signed by the leaders of all three countries. This was done back in November. Now, we are just waiting for the deal to be ratified by legislative bodies of all three countries. There are hurdles in the U.S.
There is bipartisan support for progress in the trade deal. Members of both parties want to see the steel and aluminum tariffs against Canada and Mexico which led to the agriculture tariffs against the United States. Agriculture Secretary Sonny Perdue says suggestions have been made to the President.
House Democrats have said they want to see changes to labor and environmental segments in the USMCA agreement. Trade Ambassador Robert Lighthizer says if we cannot get our legislative body to approve it, everything else is pointless.
Iowa Senator Chuck Grassley says House Speaker Nancy Pelosi is no stranger to holding up trade agreements.
Grassley says changing the deal isn’t an option. All that can be done is some supplemental side-language.