Contributer| Telegraph Local
The USMCA (US-Mexico-Canada-Agreement) is officially on track as a done deal. The decision to go foward with this agreement comes despite last-minute objections raised by Mexican officials over the weekend regarding a labor provision bill raised by Democrats.
The trade agreement is scheduled to move to the floor of the house for a full vote on Thursday.
The USMCA is the result of various months of political battles between the speaker of the House Nancy Pelosi and U.S. Trade Representative Robert Lighthizer. It will serve as a replacement for NAFTA (The North American Free Trade Agreement).
In serving as a replacement for NAFTA, it furthermore serves as a vindication for President Trump. This is due to the fact that one of the many campaign promises that President Trump made was to replace NAFTA. His rationale for this was the idea that NAFTA was a job-killer for American workers, and that the United States was getting the worse end of the deal.
Speaker Pelosi called the USMCA a “victory for America’s workers.” Likewise, she referred to the deal as a template for the U.S. to resemble whenever entering into other trade agreements.
Reversing the weekend’s trepidation regarding the USMCA deal on Monday, Mexican deputy foreign minister Jesus Seade announced that he is “very satisfied” with the USMCA and the recent modifications made to it.
The passing of the new agreement shows a great amount of bipartisanship, with its endorsement from both President Trump and Nancy Pelosi.
Once the USMCA is passed by the house, it will head to the Senate to be potential –and in terms of projections, likely– passed early next year.