Senate Committee Advances USMCA
Taking another step to completing the U.S.-Mexico-Canada Agreement, the Senate Finance Committee voted 25-3 on Tuesday to advance the trade deal to the full Senate.
USMCA has been a priority for most agricultural groups as a way to provide some certainty on tariffs and trade with two of the country's largest buyers of agricultural commodities. After nearly a year of negotiating between the Trump administration and congressional Democrats, the trade deal passed the House on a 385-41 vote last month.
Senate Finance Committee Chairman Chuck Grassley, R-Iowa, credited efforts by President Donald Trump to demand an updated trade agreement that also would reduce some of the trade deficit between the U.S. and Mexico.
"Soon the entire country will benefit from the crusade that started when he ran for president," Grassley told reporters in a Tuesday morning call. "USMCA will bring much-needed certainty and benefits to American farmers and businesses."
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USMCA has been a priority for most agricultural groups as a way to provide some certainty on tariffs and trade with two of the country's largest buyers of agricultural commodities. After nearly a year of negotiating between the Trump administration and congressional Democrats, the trade deal passed the House on a 385-41 vote last month.
Senate Finance Committee Chairman Chuck Grassley, R-Iowa, credited efforts by President Donald Trump to demand an updated trade agreement that also would reduce some of the trade deficit between the U.S. and Mexico.
"Soon the entire country will benefit from the crusade that started when he ran for president," Grassley told reporters in a Tuesday morning call. "USMCA will bring much-needed certainty and benefits to American farmers and businesses."
Click Here to read more.