Hurry up and wait on USMCA approval

House Speaker Nancy Pelosi says “we’re not there yet” on reaching an agreement on the U.S.-Mexico Canada trade pact in Congress. Signed by all three nations and awaiting approval by lawmakers, the replacement for the North American Free Trade Agreement is facing some political obstacles in the U.S. House of Representatives.

Pelosi and other Democrats argue that strong enforcement must be “central” to the new pact if the Trump administration hopes to get it through Congress, according to Politico. However, Pelosi says she is “optimistic” that the concerns can be resolved, saying she has “always thought that this was probably one of the easier trade agreements to come to agreement on.”

There are still several steps and economic reviews that must be done before the USMCA can be completed fully by the U.S. government. Agriculture groups remain hopeful that the agreement can be wrapped up by the end of this year.

 
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