U.S. House Expected to Approve Historic Trade Agreement with Mexico and Canada

The United States House of Representatives will pass the United States, Mexico, Canada Agreement (USMCA) today. It's very likely the USMCA, which will replace NAFTA, will pass with strong bipartisan support as the vote is scheduled to take place sometime this afternoon. Following passage in the lower chamber, it head to the Senate where it is expected to be considered once the impeachment trial of President Trump concludes. ABI, in conjunction with our national partners including the National Association of Manufacturers, the U.S. Chamber of Commerce and other like-minded groups, intensely lobbied members of Congress to approve this trade accord, which will increase market access, provide more certainty for the business community and allow for greater growth in North America. This is a tremendous victory for Iowa’s manufacturers, farmers and workers as Canada and Mexico are the state’s largest trading partners. The vote follows the announcement from President Trump and China that a “phase one” agreement on trade has been reached between the world’s two largest economic powers.