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Balanced Reporting. Trusted Insights.
Tuesday, May 17, 2022
Democratic leaders are pushing for House passage of President Joe Biden’s package of social and climate spending priorities this week, while the Senate is set to debate an Agriculture Department nominee who will be key to carrying out the administration's climate policy.
The U.S.-Mexico-Canada trade agreement will take two major steps this week when President Donald Trump signs the U.S. implementing bill into law and Canada starts work on its companion legislation.
House Democrats are still far from ready to ratify President Donald Trump’s new version of the North American Free Trade Agreement, but their demands represent just one of the threats to implementation of the updated trade pact that would keep most agricultural tariffs at zero.
The U.S. has agreed to lift its steel and aluminum tariffs on Canada and Mexico, removing major obstacles for ratification of the renegotiated North American free trade pact by all three countries.
The U.S., Mexican and Canadian presidents signed off on the renegotiated North American Free Trade Agreement today, taking the three countries closer to preserving virtually tariff-free agriculture trade.
Yet another deadline is looming for U.S. and Canadian negotiators this week as they struggle to find compromises for a deal to make the North American Free Trade Agreement whole again and avert the unknown territory of trying to convert a three-party pact into a two-party accord.
The Trump administration’s insistence that Canada agree to add a five-year sunset clause to the North American Free Trade Agreement dashed the potential for a high-level meeting in Washington that could have resulted in a final deal, Canadian Prime Minister Justin Trudeau said on Thursday.
