October 22, 2019 08:54 PM RSS

Democrats Make Counteroffer to Pass Trump’s NAFTA Replacement, USMCA

  • Wall Street Rebel | James DiGeorgia
  • 09/27/2019 1:17 PM
Democrats Make Counteroffer to Pass Trump’s NAFTA Replacement, USMCA

House Democrats made a long-awaited counteroffer to ratify Trump’s United States-Mexico-Canada Agreement (USMCA), the replacement for the North American Free Trade Agreement (NAFTA) to the administration trade envoy that would allow it win congressional approval before the end of the year.

 

By James DiGeorgia

Ways and Means Chairman Richard Neal (D-MASS) after meeting with United States Trade Representative Robert Lighthizer told reporters that he delivered a counteroffer addresses four major areas of Democratic concerns with Trump’s United States-Mexico-Canada Agreement (USMCA) which center on labor, environmental, enforcement and drug patent protection provision of the new trade pact.

Neil characterized Lighthizer’s response to the Democratic congressional counter offer as “favorable,” but stressed that the Trump administration is going to need to “digest it” over the next two weeks during the scheduled Congress recess.

The new trade pact is a top priority for President Trump has raised concerns among congressional Democrats that Mexico needs to strengthen its government’s budget to successfully implement new labor laws that strengthen the rights of unions in the country.

 

 

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