China has agreed to make significant policy changes to tear down non-tariff barriers to U.S. farm commodities under the trade deal expected to be signed early next year, according to industry sources who were briefed on the pact and government officials with knowledge of the briefing.
Mexico is now protesting a provision tucked into the recently revised U.S. version of the U.S.-Mexico-Canada Agreement that calls for the U.S. to install five new attaches in Mexico to monitor the country’s labor reform efforts.
The House is still on track to vote on the U.S.-Mexico-Canada Agreement next week, but several Republican senators are complaining that they won’t have a say in the process like they are meant to under the Trade Promotion Authority (TPA) law.
The Trump administration on Monday moved closer to getting a deal for its renegotiated North American Free Trade Agreement as pressure increases from lawmakers and farm groups for a year-end ratification vote.
A proposal for a deal on the U.S.-Mexico-Canada Agreement has been sent to House Speaker Nancy Pelosi after top U.S. and Mexican negotiators met again Saturday in Washington, according to a Bloomberg report.
Two of the highest-level trade officials representing the U.S. and Mexico worked through the day Friday and into the night trying to reach an agreement on the replacement to the North American Free Trade Agreement, but fell short of a deal that both countries could accept.
House Speaker Nancy Pelosi says negotiations to bring the U.S.-Mexico-Canada Agreement to the House floor are ongoing, but procedural steps required once a deal with the Trump administration is secured could push a vote into the new year.
President Donald Trump has said there are enough Democratic votes in the House to approve the U.S.-Mexico-Canada Agreement and lawmakers like Rep. Henry Cuellar, D-Texas, agree, but there are still deep reservations by some over how to replace the North American Free Trade Agreement.