WASHINGTON — House Democrats have reached a tentative agreement with
That’s according to a Democratic aide not authorized to discuss the talks and granted anonymity.
Details still need to be finalized and the U.S. Trade Representative will need to submit the implementing legislation to Congress. No vote has been scheduled. The aide requested anonymity because the agreement is not official.
The new, long-sought trade agreement with Mexico and Canada would give both Trump and his top adversary, House Speaker Nancy Pelosi, a major accomplishment despite the turmoil of his likely impeachment.
An announcement could come as early as Monday. Pelosi, D-Calif., still has to officially sign off on the accord, aides said.
The new trade pact would replace the 25-year-old North American Free Trade Agreement, which eliminated most tariffs and other trade barriers involving the United States, Mexico and Canada. Critics, including Trump,
Weeks of back-and-forth, closely monitored by Democratic
Democrats from swing districts have agitated for finishing the accord, in part to demonstrate some accomplishments for their majority.
By ratifying the agreement, Congress could lift uncertainty over the future of U.S. commerce with its No. 2 (Canada) and No. 3 (Mexico) trading partners last year and perhaps give the U.S. economy a modest boost. U.S. farmers are especially eager to make sure their exports to Canada and Mexico continue uninterrupted.
U.S. Trade Representative Robert Lighthizer last year negotiated the replacement agreement with Canada and Mexico. But the new USMCA accord required congressional approval and input from top Democrats like Pelosi and Ways and Means Committee Chairman Richard Neal of Massachusetts, who have been engaged in lengthy, detailed negotiations over enforcement provisions and other technical details.
Republicans leaders and lawmakers have agitated for months for the accord but Pelosi has painstakingly worked to bring
The pact contains provisions designed to nudge manufacturing back to the United States. For example, it requires that 40% to 45% of cars eventually be made in countries that pay autoworkers at least $16 an hour — that is, in the United States and Canada and not in Mexico.
The trade pact picked up some momentum after Mexico in April passed a
Mexico ratified USMCA in June and has budgeted more money later this year to provide the resources needed for enforcing the agreement.
Andrew Taylor And Lisa Mascaro, The Associated Press