With Democrats taking control of the House of Representatives, key party leaders in the chamber are demanding changes to the U.S.-Mexico-Canada trade agreement. The USMCA, an updated version of the North American Free Trade Agreement, is expected to be signed by the U.S., Mexico and Canada during the upcoming G-20 summit at the end of this month. However, Congress must approve the deal on a simple up or down vote.
New Jersey Representative Bill Pascrell, who is positioned to chair the Ways and Means Trade subcommittee, says there needs “to be not only changes in the legislation but more enforcement.” Bloomberg News reports that with a presidential election in 2020, Democrats may be reluctant to approve a deal negotiated by Trump. Democrats may push for tougher labor provisions, a consistent demand by the party in an updated trade agreement. However, so far, no specific changes have been mentioned.
Source: NAFB News Service