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.
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