"President Donald Trump and Secretary Sonny Perdue have done a great service for all Americans in getting this done", he noted "It's exactly what President Trump set out to do with revising these trade deals and making them even better".
AFL-CIO President Richard Trumka on Friday called for a major rewrite of the deal signed in Argentina at the Group of 20 summit. These details are critically important for New Mexico families, and I look forward to working with my colleagues in Congress to implement improvements to this deal that ensure border states and communities continue to thrive while safeguarding our environment and creating strong, enforceable protections for workers.
On Saturday, Trump told reporters he planned to give formal notice of his intentions to withdraw from NAFTA, which would give American lawmakers six months to approve the USMCA or have no free-trade pact with Canada and Mexico.
The leaders of the three countries agreed on a deal in principle to replace NAFTA, which governs more than $1.2 trillion of mutual trade, after acrimonious negotiations concluded on September 30. The move seems to be aimed at the new Democratic House, which will take over next year - and may not approve the USMCA.
Pelosi, who is expected to take the role of House Speaker in January, has repeatedly expressed deep concerns over the deal's enforceability.
The US International Trade Commission is now conducting an investigation into the likely impacts of USMCA. The USMCA requires at least 40 percent of vehicle production to come from factories with an average wage of 16 US dollars per hour. The commission has up to 105 days, or by mid-March to complete a report. "It allows Mexico to dump government-subsidized produce on the USA market".
Trump had forced Canada and Mexico to renegotiate the 24-year-old agreement because he said it encouraged USA companies to move jobs to low-wage Mexico. The USMCA would raise the requirement for North American content in cars to a whopping 75 percent from 62.5 percent, among other things. "I'm hopeful that it will", Senator Sherrod Brown answered. It also maintains science-based trade standards.