December 12, 2019
Speaker Nancy Pelosi (D-CA) and other House leaders announced they had reached agreement with the Trump administration on the U.S.-Mexico-Canada Agreement on December 10. The trade pact, which UEP and nearly all other U.S. farm groups support, updates the North American Free Trade Agreement and should come to a vote in the House within days. It is widely expected to pass by a large margin with Senate approval soon afterward. The latest agreement, involving stepped-up enforcement of labor rights in Mexico, is being claimed as a victory by Republicans and Democrats alike.
The agreement comes as the other major source of trade uncertainty – the complex U.S. disputes with China – remain unsettled. Chinese pledges to purchase $40 billion-$50 billion in U.S. farm goods have not yet come to pass.
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