House approves USMCA trade deal after more than a year of talks, sending it to Senate – CNBC

Thanks! Share it with your friends!

Close

“This is the first-ever trade coalition of workers, farmers, Republicans, Democrats, business and agriculture groups, organized labor and much more,” U.S. Trade Representative Robert Lighthizer said in a statement celebrating the vote.

Democrats cheered tools to boost enforcement of labor standards, saying they would deter companies from moving jobs to Mexico. Still, some lawmakers and unions have concerns the deal does not go far enough to stop American companies from outsourcing jobs.

USMCA tightens rules of origin for auto parts and requires a larger share of cars 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.

Canada and Mexico are the largest U.S. export markets.

Source Article from https://www.cnbc.com/2019/12/19/house-passes-trumps-usmca-trade-agreement.html

Comments

Write a comment