US House passes North American trade deal

The US House of Representatives approved a new North American trade deal that includes tougher labour and automotive content rules but leaves $1.2 trillion in annual US-Mexico-Canada trade flows largely unchanged. The House passed legislation to implement the US-Mexico Canada Agreement (USMCA) 385-41, with 38 Democrats, two Republicans and one independent member voting no.

Daily Current Affairs Quiz 2019

The deal with the Trump administration, Canada and Mexico to strengthen labor enforcement provisions and eliminate some drug patent protections. This modernized trade deal between our North American trading partners will strengthen the US auto industry and the auto manufacturing supply chain. The changes negotiated by Democrats which include modestly tighter environmental rules will also set up a mechanism to quickly investigate labor rights abuses at Mexican factories.