Our man doesn’t miss a beat. The POTUS is quite simply rolling. President Trump’s USMCA replaces President Clinton’s negligent NAFTA, which gifted much of America’s manufacturing sector to Mexico. American voters must not forget how Speaker Pelosi delayed the passing of this vital agreement for over a year. #Trump2020!
I’m about to chair the Senate HELP Committee’s executive session to vote on #USMCA.
Updating #NAFTA makes sense, and this agreement good news for Tennessee auto workers and farmers.
You can watch live here: https://t.co/u0cPOEBlvH
— Sen. Lamar Alexander (@SenAlexander) January 15, 2020
USMCA thumbs-up from Senate hands Trump second trade victory
By Fox News, January 16, 2019:
The United States-Mexico-Canada Agreement sailed through the U.S. Senate on Thursday, giving President Trump his second major trade win in as many days.
The biggest trade deal of all time, the pact encompasses more than $1.3 trillion of commerce. While winning enough votes to pass in the Republican-led Senate was anticlimactic after months of modifications by the Democratically-controlled House, it delivers on Trump’s 2016 campaign promise to overhaul the Clinton-era North American Free Trade Agreement that he called a “disaster.”
A day earlier, the president and a Chinese official signed an initial trade accord between their countries, cooling tensions in a nearly two-year trade war.
“Adding together USMCA and the China deal, that’s over $2 trillion of trade,” Commerce Secretary Wilbur Ross told FOX Business’ Maria Bartiromo on Thursday. “That’s an enormous number.”
The USMCA, which has already been ratified by Mexico but not by Canada, requires 75 percent of automobile components be manufactured in the United States, Canada and Mexico in order to avoid tariffs. By 2023, some 40 to 45 percent of automobile parts must be made by workers who earn at least $16 an hour.
The pact is expected to create 80,000 new jobs tied to the auto industry and bring in up to $30 billion of new investment in the sector. The USMCA will also provide new access to American wheat, poultry and eggs, among other things.
“This is a major achievement for President Trump and a very big win for the American people,” said Sen. Charles Grassley, chairman of the finance committee. “I look forward to signing this bill and sending it to the president’s desk.”
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