Congress Not Likely to Vote on NAFTA This Year
The U.S. Congress isn’t likely to vote on a proposed update to the North American Free Trade Agreement until early next year.
#economics
The U.S. Congress isn’t likely to vote on a proposed update to the North American Free Trade Agreement until early next year.
Senate Majority Leader Mitch McConnell tells Bloomberg News an earlier vote isn’t likely because of the many details and procedures to complete the treaty. “My trade adviser say you can’t possibly do it” sooner, he says.
The delay raises the possibility that the pact—renamed by President Donald Trump as the U.S.-Mexico-Canada Agreement—could be reopened. That might happen if Democrats win a majority of seats in the House of Representatives during the midterm elections on Nov. 6.
But some senators caution that passage isn’t guaranteed by the Senate either, even though Republicans are expected to retain majority control.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.