House majority backs USMCA trade deal after more than a year of talks, sending it to Senate
Most Republicans and Democrats have praised the latest version of the three-nation deal, which replaces the North American Free Trade Agreement. GOP lawmakers and key business groups said it will follow through on Trump's promise to refresh NAFTA — though they have criticized concessions to the Democratic-held House on intellectual property standards.
USMCA tightens rules of origin for auto parts and requires a larger share of auto parts to be made by workers earning at least $16 per hour. It also increases access to Canadian dairy markets for American farmers and updates digital trade rules, among other provisions.Even before the House passed the agreement, Trump started to bill it as a political win as he campaigns for reelection in 2020.
Speaking to reporters Thursday only hours after the impeachment vote, House Speaker Nancy Pelosi aimed to move focus away from the chamber charging Trump with abuse of power and obstruction of Congress. She cheered the trade deal and said it took time because "we weren't going forward until we had the strongest possible enforcement."
Major business groups largely backed the revised USMCA agreement as companies sought market certainty amid Trump's trade war with China. While the U.S. Chamber of Commerce has pushed for the deal's ratification, it took issue with the Trump administration removing a provision that protected makers of so-called biologic drugs from generic competitors for at least 10 years.The GOP-held Senate is also expected to pass USMCA with bipartisan support.
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