'There's a deal:' Mexico says USMCA trade pact to be signed Tuesday
WASHINGTON/MEXICO CITY - Canada, Mexico and the United States have agreed to a fresh overhaul of their quarter-century-old regional trade pact after negotiators approved changes to a preliminary deal struck last year, and officials will sign the new agreement on Tuesday.
The United States, Mexico, Canada Trade Agreement, or USMCA, would replace the North American Free Trade Agreement , a regional pact in place since 1994 that encompasses $1.2 trillion in annual trade across the continent. Its backers say it is responsible for 12 million U.S. jobs and a third of all U.S. agricultural exports.
For Democrats, the deal serves as a retort to Trump’s and Republicans’ assertions that their only agenda was pursuing his impeachment. Also on Tuesday, Democrats in the House of Representatives announced formal charges against Trump that accuse him of abusing power and obstructing Congress, making him only the fourth U.S. president in history to face impeachment.
Pelosi said she was unable to succeed in pressing Democrats’ demands for the removal of liability protections for internet service providers, a provision she had called a “giveaway” to big tech companies.A signing ceremony will take place in Mexico City at noon local time , attended by Mexico President Andres Manuel Lopez Obrador, Canadian Deputy Prime Minister Chrystia Freeland, U.S. Trade Representative Robert Lighthizer, and U.S.
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