The United States Senate voted Thursday to approve the President’s revised trade agreement with Canada and Mexico; clearing the path for a new North American international pact to replace NAFTA.
“The Senate overwhelmingly passed a bill to implement President Trump’s proposed update to the North American Free Trade Agreement (NAFTA) after a mad dash to clear the measure before impeachment proceedings paralyze the chamber,” reports The Hill. “Senators voted 89-10 to pass a bill ratifying Trump’s U.S.-Mexico-Canada Agreement (USMCA), sending the measure to the president for his final sign-off. USMCA’s passage marks another milestone for Trump just one day after he cemented a preliminary trade deal with China.”
— The Hill (@thehill) January 16, 2020
“Today the Senate will send this landmark agreement to the president’s desk,” said Majority Leader Mitch McConnell. “Quite a week of substantive accomplishments for the nation, for the president, and for international trade.”
Read the full report here.
Source: The Hill
GOODBYE NAFTA: New North American Trade Agreement Named ‘USMCA’
Negotiators from the United States and Canada announced a new North American trade agreement over the weekend; officially ending NAFTA and unveiling the United States-Mexico-Canada Agreement -better known as the USMCA.
Officials from both countries released a statement Sunday evening ahead of the self-imposed midnight deadline; saying the new free trade agreement will benefit “workers, farmers, ranchers, and businesses” on all sides of the border.
“USMCA will give our workers, farmers, ranchers, and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region,” the joint statement said. “It will strengthen the middle class, and create good, well-paying jobs and new opportunities for the nearly half billion people who call North America home.”
Congratulations to Mexico and Canada!
— Donald J. Trump (@realDonaldTrump) October 1, 2018
The President weighed-in on the international trade deal Monday morning; saying “Congratulations to Mexico and Canada!”
WATCH LIVE: President Trump Delivers Remarks on New USMCA Trade Deal
Watch LIVE as President Trump speaks with reporters after unveiling the United States-Mexico-Canada Trade Agreement.
The Commander-in-Chief hailed the new trade deal as a major step forward for “workers and businesses” on all sides of the border; saying it will transform North America into a “manufacturing powerhouse.”
Watch the President speak from the White House below: