DJIA29348.10
LIVE50.46(0.17%)
NDX9173.73
LIVE48.73(0.53%)

Trump, House Democrats Close to Deal on Revisions to Trade Deal


Tuesday, 10 December 2019 19:01 WIB

GlobalDonald Trump


c_740_198_16777215_00_images_assets_TOKOH2_Donald_trump.jpg

News reports say House Democrats and the White House are close to agreeing on changes to a trade deal that the United States, Canada and Mexico signed last year but have not ratified.

The United States-Mexico-Canada-Agreement, known as the USMCA, would replace the existing North American Free Trade Agreement, or NAFTA, which President Donald Trump has derided as the "worst trade deal" ever signed by the U.S. He made renegotiating NAFTA a campaign promise during the 2016 presidential race.

NAFTA took effect in the 1990s during U.S. President Bill Clinton's administration.

The Mexican Senate accepted changes to the USMCA after intense negotiations with the United States. Mexican President Andres Manuel Lopez Obrador is urging House Speaker Nancy Pelosi to move forward on the deal.

"It's time, it's the moment," Lopez Obrador said at a press conference.

Source : VOA


RELATED NEWS

  • The Pentagon is rejecting accusations that military leadership "incentivized lying" to portray a more optimistic picture of U.S. efforts in the nearly two-decade-long war in Afghanistan. "The idea th...