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Published On: Thu, Jan 16th, 2020

Senate Passes USMCA Trade Deal 89-10

Senate Passes USMCA Trade Deal 89-10

It’s official: The Senate has passed President Trump’s USMCA trade accord that revamps the 1994 NAFTA agreement.

The final count: 89 to 10, with several high-profile Democrats, including Cory Booker and Chuck Schumer, opposing the measure.

By allowing Trump to sign USMCA into law on Thursday, the vote will enable his administration to celebrate two back-to-back wins on trade policy.

The vote on H.R. 5430 is ongoing, but a majority of senators have voted to approve the deal. It was passed by the Democrat-controlled House nearly one month ago.

The Commerce, Foreign Relations, Appropriations and Health, Education, Labor, and Pensions Committees all approved the deal on Wednesday, removing the final obstacle to a floor vote. The Senate’s approval will come more than a year after the underlying deal, which would replace the 1993 North American Free Trade Agreement, was reached between the U.S., Canada, and Mexico.

A few Democrats said they would vote against the deal; Dem leader Chuck Schumer, the top Senate Dem, acknowledged that the bill makes gains for labor, but doesn’t do enough to Read Full Article

Source: Zero Hedge via Feedburner

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