In this file:
· Senate panel passes new North American trade deal, moving it closer to ratification
· Grassley: Impeachment could delay USMCA vote by a month
· NPPC Applauds Senate Committee Approval of USMCA
Senate panel passes new North American trade deal, moving it closer to ratification
o The Senate Finance Committee passes the United States-Mexico-Canada Agreement.
o The full Senate could take up the replacement for the North American Free Trade Agreement later this month, and the House has already approved it.
o The deal can take effect once all three countries ratify it.
Jacob Pramuk, CNBC
Jan 7 2020
The Senate Finance Committee approved a new North American trade deal on Tuesday, moving it one step closer to ratification in the United States.
With the 25-3 vote, the panel sends the United States-Mexico-Canada agreement to the full Senate, which could pass the pact this month. The House approved the accord last month in a bipartisan vote.
USMCA backers, led by President Donald Trump, have called the deal a long needed overhaul of the 1994 North American Free Trade Agreement. The new pact makes several changes to protect auto industry workers, increases access to Canadian dairy markets for U.S. farmers and updates digital trade rules.
“USMCA will bring much needed certainty and real benefits to America’s farmers, workers and businesses,” Senate Finance Committee Chairman Sen. Chuck Grassley, R-Iowa, said at the start of the bill markup.
Businesses have sought stability as Trump stirs up trade conflicts with China and other major economic partners. The president made replacing NAFTA and cracking down on Beijing’s trade abuses a priority in his first term in the White House, and used tariffs as a negotiating tool around the world.
House Democrats worked with the Trump administration for more than a year to secure tweaks to boost enforcement of labor and environmental standards. The changes got most of the party, including a trade deal skeptic in Senate Finance Committee ranking member Sen. Ron Wyden, D-Ore., on board with the deal.
Most Democrats in Congress and major labor organizations such as the AFL-CIO support USMCA. But a handful of House Democrats and labor unions opposed it, arguing it did not go far enough to stop outsourcing of U.S. jobs.
The agreement has also split up the 2020 Democratic presidential field...
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Grassley: Impeachment could delay USMCA vote by a month
The Senate Finance chair was hopeful a delay could give the chamber time to vote on the agreement.
By Adam Behsudi, POLITICO
Senate Finance Chairman Chuck Grassley said today that an impeachment trial in the Senate could delay a vote on President Donald Trump’s new NAFTA deal by a month.
Still, he said he was hopeful that a delay by House Speaker Nancy Pelosi to send over the articles of impeachment could give the upper chamber time to vote on the agreement.
“If I want to speculate, they don’t come over for another week or 10 days and then we’ve got time to get this done,” the Iowa Republican said before a committee markup of a bill that would implement the U.S.-Mexico-Canada Agreement.
The process could be further complicated by a procedural move...
NPPC Applauds Senate Committee Approval of USMCA
Source: National Pork Producers Council (NPPC)
Jan 7, 2020
WASHINGTON, D.C., Jan. 7, 2020 – Today, the U.S. Senate Finance Committee approved the U.S.-Mexico-Canada (USMCA) trade agreement, which once implemented will provide much-needed certainty to U.S. pork producers.
"We thank Senate Finance Committee Chairman Chuck Grassley (R-Iowa) for making USMCA passage a top priority and we thank those members of the committee who support this important trade deal," said National Pork Producers Council President David Herring, a hog farmer from Lillington, N.C. "USMCA will allow the U.S. pork industry to maintain long-term, zero-duty market access to two of our largest export markets.
"We now urge Senate Majority Leader Mitch McConnell (R-Ky.) to schedule a vote on the floor as soon as possible," added Herring.
In 2018, Canada and Mexico took over 40 percent of the pork that was exported from the United States and a similar percentage is expected in 2019. U.S. pork exports to Canada and Mexico support 16,000 U.S. jobs.
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NPPC is the global voice for the U.S. pork industry, protecting the livelihoods of America's 60,000 pork producers, who abide by ethical principles in caring for their animals, in protecting the environment and public health and in providing safe, wholesome, nutritious pork products to consumers worldwide. For more information, visit www.nppc.org.