“There is no question, of course, that this trade agreement is much better than NAFTA. But in terms of our work here, it is infinitely better than what was proposed by the administration,” House Speaker Pelosi said yesterday about revisions to the USMCA.
House Democrats and the Trump administration have reached an agreement to move forward with the White House's replacement for the North American Free Trade Agreement, top Democrats said Tuesday.
The three countries' representatives — U.S. Trade Representative Robert Lighthizer, Canadian Deputy Prime Minister Chrystia Freeland and Mexican Deputy Foreign Minister Jesus Seade — signed the revised deal on Tuesday afternoon in Mexico City. In a statement, Lighthizer — the lead Trump administration negotiator — said the sides "reached a historic agreement on the USMCA" that "will benefit American workers, farmers, and ranchers for years to come." He added that it "will be the model for American trade deals going forward."
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