On December 10, 2019, House Speaker Nancy Pelosi stated in a press conference that Democrats had reached an agreement with the Trump Administration on the new U.S.-Mexico-Canada Agreement (“USMCA”) intended as a NAFTA update, clearing the way for Congress to vote on the trade agreement. Speaker Pelosi called the agreement “a victory for America’s workers”
USMCA
The Current and Future Status of the U.S.-Mexico-Canada Agreement
By Nithya Nagarajan, Camron Greer & Turner Kim on
Posted in International Trade & Supply Chain, Trade Policy
U.S. Trade Representative (USTR) Robert Lighthizer and certain officials in the administration have expressed optimism about the future of the U.S.-Mexico-Canada
On October 23, 2019, Senator Grassley, chairman of the Senate Finance Committee, stated that he had a “growing worry” about the current progress of USMCA and claimed that the Democrats are stalling in the…
U.S., Canada, and Mexico to Lift Duties on Section 232 Aluminum and Steel Products
Posted in Trade Policy
On May 17, 2019, after numerous rounds of negotiations, the United States, Canada, and Mexico issued formal statements on lifting duties on Section 232 steel and aluminum products. While Canada and the U.S. explicitly stated that their respective tariffs would be lifted within the next two days, Mexico has yet to announce how quickly their retaliatory tariffs would end.
U.S., Mexico, and Canada Sign NAFTA Replacement
By Robert Stang & Katherine Stubblefield on
Posted in International Trade & Supply Chain
Immediately before the G-20 Summit Meeting on November 30, 2018 in Buenos Aires, President Trump, Canadian Prime Minister Trudeau, and Mexican President Nieto ceremonially signed the new United States-Mexico-Canada Agreement (USMCA). Although each leader signed the Agreement, this does not mean that it will go into effect, as the Agreement must now be approved…