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“We are concerned that the scoping of this proposal purposely targets, and would almost exclusively impact, U.S.-based companies.”
Key House Democrats negotiating outstanding U.S.-Mexico-Canada Agreement concerns with the Office of the U.S. Trade Representative are waiting for administration officials to put their agreements in writing before moving forward, they said on Thursday.
The House Ways & Means Committee chairman and House Speaker Nancy Pelosi were set to speak with USTR Robert Lighthizer on Thursday.
The Office of the U.S. Trade Representative is pushing auto companies to commit that all of their output -- even autos manufactured and sold within the U.S. -- will meet U.S.-Mexico-Canada Agreement regional value requirements, tying the demand to requests for longer transition periods for complying with USMCA auto rules of origin, sources tell Inside U.S. Trade.
NEW YORK -- White House trade adviser Peter Navarro on Wednesday said the chances of getting the U.S.-Mexico-Canada Agreement passed this year were “dwindling” due in large part to the ongoing impeachment inquiry initiated by House Democrats.
Any agreement on a U.S.-Mexico-Canada Agreement implementing bill hammered out by House Democrats and the Office of the U.S. Trade Representative will have to be reviewed and approved by Mexico and Canada, Mexican Under Secretary for North America Jesús Seade said on Thursday, suggesting the process could delay ratification.
House Democrats and the Trump administration are nearing the final stages of U.S.-Mexico-Canada Agreement negotiations, revising proposals “line by line” and eyeing only “a few more meetings” to finish their work, key lawmakers said on Wednesday after a discussion with U.S. Trade Representative Robert Lighthizer.
Despite losses by Trudeau’s Liberal party, USMCA is not expected to face strong opposition in parliament.
Senate Finance Committee Chairman Chuck Grassley (R-IA) says he is concerned “for the first time” about the ratification of the U.S.-Mexico-Canada Agreement.
A House working group set up to address Democrats' concerns with the U.S.-Mexico-Canada Agreement is making progress in its talks with the administration, House Ways & Means Chairman Richard Neal (D-MA) said on Thursday, saying the sides were “firming it up” but acknowledging more progress was needed on labor.
U.S. Trade Representative Robert Lighthizer met with members of the House Democrat working group in charge of ironing out differences in the U.S.-Mexico-Canada Agreement this week, with two key lawmakers saying the sides had made significant progress.
House Speaker Nancy Pelosi (D-CA) has yet to receive a letter on the U.S.-Mexico-Canada Agreement promised by Mexican President t Andrés Manuel López Obrador last week, Pelosi told Inside U.S. Trade on Wednesday.
“Doing so is essential to promoting certainty and growth for manufacturing businesses, workers and families across the United States – each of whom relies on trade with our North American partners to prosper and grow.”
House Democrats and U.S. Trade Representative Robert Lighthizer are pushing to wrap up negotiations on outstanding U.S.-Mexico-Canada Agreement issues by the end of October, sources tell Inside U.S. Trade.
A premature vote, he said, would be a “colossal mistake.”
“This is the hunt for USMCA October.”
House Speaker Nancy Pelosi (D-CA) told reporters on Wednesday she is committed to resolving issues with the U.S.-Mexico-Canada Agreement despite an impeachment probe into President Trump -- a position Trump reduced to a “camouflage for trying to win an election.”
CoBank notes in its quarterly economic review that trade tensions “continue to mount as global economic growth slows.”
President Trump could move forward with most U.S.-Mexico-Canada Agreement provisions without congressional approval, according to a report published on Tuesday by the National Taxpayers Union Foundation.