04032020Fri
Last updateFri, 03 Apr 2020 8pm

Manufacturing & The Economy

White House, Democrats Reach Deal on USMCA

House Speaker Nancy Pelosi announced Tuesday that a deal is in place for passage of the U.S.–Mexico–Canada Agreement (USMCA), a trade pact set to replace NAFTA. The House is expected to approve the USMCA officially next week. In the Senate, it is likely to come up after completing an impeachment trial in January, according to Majority Leader Mitch McConnell.

The National Association of Manufacturers had this, in part, to say in response, “Manufacturers support the USMCA, and we are encouraged that the administration and House Democrats have forged a path forward, with the support of Canada and Mexico as well. To be sure, as with any agreement of this nature, not every objective that we sought was met. For instance, we are extremely disappointed that the agreement missed an opportunity to set the gold standard for the protection of American-made lifesaving innovations and inventions. Protection of intellectual property is a key principle and critical for the long-term vitality of the manufacturing industry and the men and women who work in our sector.”

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