Trump's new NAFTA faces uphill battle in Congress

Trump's new NAFTA faces uphill battle in Congress

Trump's new NAFTA faces uphill battle in Congress

"I will be formally terminating NAFTA shortly", the president said of the trilateral agreement he and his supporters have long loved to hate.

U.S. President Donald Trump, Canada's Prime Minister Justin Trudeau and Mexico's President Enrique Pena Nieto sign documents during the USMCA signing ceremony before the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. If Trump pulls out of NAFTA and the House rejects the new pact, it could deal a major blow to North American free trade.

Cheryl Hardcastle, the NDP MP for Windsor-Tecumseh, provided her take on the new United States-Mexico-Canada Agreement (USMCA). Senate Ag Committee Chair Pat Roberts says the signing marks an important step toward Congress considering the new agreement, which he's looking forward to in the new year.

The new deal also requires legislative approval in Canada and Mexico. All trade deals need to be approved by Congress before they can take effect.

The business world seems to be reacting favorably to the U.S.

The original NAFTA deal was signed in 1992 by former President George H.W. Bush.

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National Farmers Union (NFU) said that while USMCA makes important improvements over NAFTA, the deal now does not go far enough to institute a fair trade framework that benefits family farmers and ranchers and restores sovereignty to the US.

"I don't see how they get this ratified by Congress", Toomey said.

Meanwhile, a number of lawmakers and business groups are trying to push for the removal of USA tariffs on steel and aluminum imports from Canada and Mexico, which have inflicted harm upon American manufacturers and consumers, raising costs for a wide array of industries.

Two other Democratic Senators, Mark Warner of Virginia and Sherrod Brown of OH, fell short of a commitment to back the agreement on Sunday. Trump has repeatedly criticized NAFTA, calling it "the worst trade deal in history". It's been a disaster for the United States. I've spent time up there (Capitol Hill) talking about the USMCA and the importance of it.

Nancy Pelosi, the House Democratic leader who is likely to be elected speaker, cast doubt on the likelihood that the deal could be passed without significant new assurances from Mexico that labour standards in the agreement will be strictly enforced.

Rubio's office said Monday that the senator had asked Lightizer to look into additional trade actions to protect Florida growers, and that Lighthizer had committed to requesting a fact-finding investigation and taking corrective action.

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