U.S. Trade Representative Robert Lighthizer on Friday sent official notice to Congress that the U.S.-Mexico-Canada Agreement will be ready for implementation on July 1, the final step in the long process that will ensure that most agricultural tariffs between the three countries remain at zero.
President Donald Trump says he wants a trade agreement with India, but suggested Tuesday that a partial pact will come first, followed by a more comprehensive deal later this year or after the election.
Mexico is withdrawing its objection to a labor provision in the U.S.-Mexico-Canada Agreement that threatened to derail the USMCA approval process, which is expected to take a major step forward this week in the U.S. House of Representatives.
China has agreed to purchase $40 billion to $50 billion in U.S. agricultural commodities annually for two years as well as remove significant ag trade barriers, a senior Trump administration official told reporters Friday.
Top U.S. and Chinese negotiators will meet in Washington next month to pick up on talks to try to end the trade war that is weighing heavily on U.S. farmers and manufacturers, according to Xinhua News, a Chinese government-run media outlet.