Both the politics of the deal and its content have led to unexpected alignments between Democrats and Donald Trump
UNION LEADERS and Democratic lawmakers were cool at first towards the USMCA, a replacement for the 25-year-old North American Free Trade Agreement which was signed by American, Canadian and Mexican trade negotiators over a year ago. But on December 10th, after months of further talks, they swung behind a reworked version. Richard Trumka, the head of the AFL-CIO, America’s largest trade-union group, proclaimed a “new standard for future trade negotiations”.
But both the politics and the content of the deal have led to unexpected alliances. Supporting the USMCA lets Democrats claim that they are not obstructing Mr Trump’s agenda for the sake of it. And on trade, Mr Trump has more in common with the left wing of the Democratic Party than with his own Republicans. Many Democrats agree that previous deals made trade too free, with too few of the benefits going to American workers. And several of the changes secured by the Democrats are meaningful.
Enforcement has been beefed up. Improvements to NAFTA’s dispute-settlement system are “probably the most important thing in the whole treaty”, says Jesús Seade, Mexico’s chief negotiator. Under NAFTA, countries could block the appointment of arbiters to hear awkward disputes. This should no longer be possible.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The revised USMCA pleases both Democrats and Donald TrumpFor both Donald Trump and his Democratic foes, the revised plan counts as a win
Consulte Mais informação »
Amid impeachment, House Democrats strike deal with White House on modified USMCA trade agreementJust minutes after announcing two articles of impeachment against Pres. Trump, House Democrats announce deal with the White House on moving forward with a modified trade agreement between the U.S., Canada and Mexico.
Consulte Mais informação »
House Democrats and the White House have a deal to move forward with USMCA trade agreement“There is no question, of course, that this trade agreement is much better than NAFTA. But in terms of our work here, it is infinitely better than what was proposed by the administration,” House Speaker Pelosi said yesterday about revisions to the USMCA.
Consulte Mais informação »
Factbox: House Democrats back USMCA - What happens next?U.S. House Democrats on Tuesday backed a renegotiated version of the U.S.-Mexico...
Consulte Mais informação »
After USMCA Passes, Why Worry About A China Phase One Deal?China A-shares at greatest risk if the phase one trade deal gets shelved.
Consulte Mais informação »
Why Democrats sidelined Mueller in impeachment articlesThe decision divided leadership and the rank-and-file — but the caucus ultimately felt it was the best move for political, legal and practical reasons.
Consulte Mais informação »