Economy

Democrats reach tentative deal with labour leaders, White House on USMCA

Democrats reach tentative deal with labour leaders, White House on USMCA”

"We demanded a trade deal that benefits workers and fought every single day to negotiate that deal; and now we have secured an agreement that working people can proudly support", said Richard Trumka, the president of the AFL-CIO.

Trumka called the revised accord "a vast improvement over both the original NAFTA and the flawed proposal brought forward in 2017".

In a series of Twitter posts Tuesday, Trump hailed the breakthrough. "Importantly, we will finally end our Country's worst Trade Deal, NAFTA!"

"There is an initial deal between the governments", the leftist leader told his daily news conference, as negotiators from the three countries prepared to meet in Mexico City.

"We're doing very well on USMCA", Mr. Trump told reporters at the White House Monday afternoon.

Republicans are concerned President Donald Trump gave up too much in the way of concessions in an effort to get the U.S. -Mexico-Canada Agreement (USMCA) pushed through, The Hill reported. Mexico has resisted Democratic demands for teams of USA factory inspectors in Mexico, as well as a proposal to ban imports from factories found to be in violation of labor rights provisions. Lopez Obrador said that the countries had also come to an agreement over the rules governing steel and aluminum exports and environmental protections.

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It would create new intellectual property protections, require more North American parts to be used in automobiles to qualify for zero tariffs, open the Canadian milk market to US farmers, and create new rules for e-commerce.

The changes would impact a wide range of industries, including agricultural, pharmaceutical, automotive, and manufacturing. She has been reviewing changes to the agreement that U.S. Trade Representative Robert Lighthizer and his Mexican counterpart Jesús Seade have put on paper over the past week.

Ebrard and Seade briefed senators on other issues, including rules for the environment and biologic medicines.

Mexican Foreign Minister Marcelo Ebrard told reporters in Mexico City Sunday that one of the final sticking points was a demand from Mr. Lighthizer to further tighten a USMCA requirement that autos be built with 70 per cent North American steel and aluminum to qualify for tariff-free treatment between the three countries. It's unclear how long Pelosi and her top trade negotiator, Representative Richard Neal of MA, chairman of the House Ways and Means Committee, would review the proposal.

"I mean if they got the unions, my assumption is that there are going to be a lot of things that were changed from the last time we've seen anything on this", Sen.



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