Mexican Media Brands
Pelosi Says USMCA Treaty Is on a “Path to ‘Yes’”
U.S. House Speaker Nancy Pelosi says efforts to ratify the new U.S. trade deal with Canada and Mexico are on a “path to yes.”
#economics
Share
Efforts to ratify the U.S. trade deal with Canada and Mexico are on a “path to yes” in the U.S. House of Representatives, says House Speak Nancy Pelosi (D-Calif.).
She tells reporters she is optimistic about finalizing the U.S.-Mexico-Canada Agreement soon, Reuters reports.
A pleased Rep. Kevin Brady (R-Tex.), the top Republican on the House Ways and Means Committee, agrees. “They’re getting close on this,” he tells reporters, adding that an “awful lot of progress” is being made.
Brady is hopeful that the committee, which has responsibility for trade agreements, can present an approved pact to President Donald Trump by year-end. Republicans are eager to finalize the accord by year-end, ahead of the distractions of next year’s elections.
The pact was signed by the three countries a year ago but has been ratified only by Mexico to date. Democrats want the USMCA’s language strengthened to ensure adequate enforcement of provisions about wages and climate concerns. Pelosi is optimistic that a successful accord will become a template for future trade agreements.
RELATED CONTENT
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
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.
-
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.