U.S. Trade Representative Robert Lighthizer is trying to convince skeptical Democrats that the U.S.-Mexico-Canada Agreement will do enough to address their concerns over drug pricing and enforcement of labor and environmental standards.
President Donald Trump is blurring the lines between immigration and trade by continuing to threaten Mexico with tariffs for its border security policies. Ag sectors in both countries fear the lingering tensions may weigh heavily on their businesses as well as the fate of the U.S.-Mexico-Canada Agreement.
The U.S. and Mexico are lauding an agreement struck Friday to prevent new tariffs, but the tenuous pact relies on Mexico’s ability to decrease immigration to the U.S. and does not include some form of promise for Mexico to import more U.S. ag commodities.
Some of Mexico’s highest-ranking government officials will present a proposal to the White House Wednesday on controlling border security in an effort to stop the Trump administration from turning an immigration issue into a trade war.
The Trump administration is in a hurry for Congress to ratify the U.S.-Mexico-Canada trade agreement, but many House Democrats showed Wednesday at a hearing that they won’t be hurried as they contemplate changes to the renegotiated North American trade pact.
The Agriculture Department is rushing to finish a new trade assistance package for farmers hurt by the ongoing trade war with China, while congressional negotiators this week look to pass a long-stalled disaster aid package before the week-long recess for Memorial Day.
The U.S., Canada and Mexico are getting close to a deal to lift U.S. steel and aluminum tariffs on its North American allies, clearing the way for ratification of a new trade pact for the three countries, says U.S. Treasury Secretary Steven Mnuchin.