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.
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 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.
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.
President Donald Trump backed away from his threat to shut down the southern border with Mexico but then also pledged to hit the country with automobile tariffs, a move that breaks a promise not to do so under the renegotiated North American trade pact.