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US House approves USMCA trade deal

The House passed a new North American trade deal on 12/19/19, ending a more than year long slog to iron out Democratic concerns about the agreement.

The chamber approved the United States-Mexico-Canada Agreement, one of President Donald Trump’s economic and political priorities, in an overwhelming 385-41 vote. Thirty-eight Democrats opposed it. The trade pact now heads to the Senate, which is expected to ratify it next year.

Most Republicans and Democrats have praised the latest version of the three-nation deal, which replaces the North American Free Trade Agreement. GOP lawmakers and key business groups said it will follow through on Trump’s promise to refresh NAFTA — though they have criticized concessions to the Democratic-held House on intellectual property standards.
 
-CNBC
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