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Pence Urges Congress to Act on USMCA
Congressional approval of the updated North American Free Trade Agreement remains mired and “the clock is ticking,” says Vice President Mike Pence.
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Congressional approval of the updated North American Free Trade Agreement remains mired and “the clock is ticking,” Vice President Mike Pence tells reporters.
The U.S.-Mexico-Canada trade pact was signed by all three countries last November. It has since been ratified by Mexico and is undergoing the same process in Canada.
But Democrats in the U.S. House of Representatives have said they won’t approve the deal without strengthening its provisions on climate, enforcement, labor and the pharmaceutical industry.
Republicans have signaled willingness to make changes in the agreement. But they continue to caution that attempting to completely rewrite the entire deal would likely kill it.
The International Trade Commission has estimated that the USMCA could boost the U.S. gross domestic product by $68 billion and create 176,000 jobs in the country—but also reduce car sales by 140,000 units.
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