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.

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.



Like this

loading...
loading...

Latest


10 December 2019
Trump's skepticism of bureaucracy led to Ukraine policy decisions, Rep. Cline says
During his radio interview on Monday, Giuliani highlighted a document he obtained alleging misconduct by former U.S. Giuliani reiterated he is conducting this work on behalf of his client and not to influence the 2020 election.

10 December 2019
Deepika Padukone Is Praise Worthy in Chhapaak Trailer
The actor called the film, directed by Meghna Gulzar, her career's most special project. "I am really sorry", Deepika said. Deepika, talking about the message of the film, also shared that the society needs to change the way it treats survivors.

10 December 2019
Sea Games: 2019 gold may be my last, says
The other two golds came from poomsae mixed pair in taekwondo and men's 55kg kumite in karate-do. Vietnam collected 153 medals with 43 gold, 48 silver and 62 bronze.

10 December 2019
Golden Globes nominations 2020
Scorsese was nominated for best director for Irishman but there was no best actor nod for his leading man Robert De Niro. The 77th Golden Globes will take place in Los Angeles on Jan 5, two days before voting for Oscars nominees ends.

10 December 2019
Holden bombshell: Commodore killed off
While the Astra has come and gone over the years, the Commodore has been a mainstay of the Australian company's line up since its debut in 1978.

10 December 2019
Oprah Winfrey, Trevor Noah congratulate Zozibini Tunzi on winning Miss Universe
During the early part of the Miss Universe 2019 pageant, host Steve Harvey announced that Ganados won the national costume award. "I think we are the most powerful beings in the world, and that we should be given every opportunity".

10 December 2019
NASA Canceled a Historic All-Women Spacewalk for a Ridiculous Reason
In the entire history of space exploration, less than 11% of the more than 500 people who have been to space have been female. She said two of the upper parts in three available spacesuit sizes are now held at the ISS: medium, large and extra large.

10 December 2019
Chinese inflation hits 8-year high as pork prices double
Prices for other meat consumed as pork alternatives rose between 11.8% to 25.7% on year in November, the statistics bureau said. Weak prices were mainly seen in oil and gas extraction and chemical fiber manufacturing sectors.

10 December 2019
Local doctor: "It's going to be a bad flu season"
The CDC says flu activity is being caused mostly by influenza B/Victoria viruses, which is unusual for this time of year. Two of the trivalent vaccines are designed specifically for people 65 and older to create a stronger immune response.

10 December 2019
Global IT outage delays flights from Auckland Airport
One passenger said there were no departure details of any flights leaving Gold Coast airport. On Twitter, Fitzy said: "Chaos slowly building" at the same airport.