Government, Business

Freight Stakeholders: USMCA Is ‘Victory’ for Industry

Nancy Pelosi House Speaker Nancy Pelosi gestures at a news conference on Capitol Hill in Washington on Dec. 10, 2019. (Susan Walsh/Associated Press)

Freight stakeholders expressed strong support for the recent agreement reached by congressional Democrats and the Trump White House on a new trade deal with Canada and Mexico, as the U.S. House readies a vote on the deal before the end of the year.

Eugene Mulero | Staff Reporter
December 12, 2019
Government, Business

House Democrats Plan USMCA Vote as Nancy Pelosi Lauds Revised Deal

USMCA Pelosi via J. Scott Applewhite/Associated Press

House Democrats plan a vote the week of Dec. 16 on the U.S.-Mexico-Canada free-trade agreement, Speaker Nancy Pelosi told her members, saying the deal was changed to meet her demands.

Erik Wasson | Bloomberg News
December 10, 2019
Government, Business

Pelosi, White House Have Tentative Deal on USMCA

Nancy Pelosi Nancy Pelosi by J. Scott Applewhite/Associated Press

The Trump administration and House Democrats are on the verge of announcing a handshake deal on the U.S.-Mexico-Canada free trade agreement, according to people familiar with the negotiations, paving the way for approval of the deal as early as this month while Democrats gear up for an impeachment vote.

December 9, 2019
Government, Business, Equipment

Steel Rules for Cars Stall Progress on USMCA Agreement

Ford Rogue plant Ford Rogue plant in Dearborn, Mich. (Sean Proctor/Bloomberg News)

The rules governing the use of steel and aluminum in cars have emerged as the latest obstacle to completing a revised NAFTA deal between the U.S., Mexico and Canada in time for congressional approval by year’s end.

December 6, 2019
Government, Business

US Trade Gap Narrows 7.6% to $47.2 Billion in October

Shipping container is lifted off the back of a truck on Seattle's Harbor Island A shipping container is lifted off of a truck at a terminal on Harbor Island in Seattle on Oct. 2, 2019. The trade gap still is 1.3% wider so far this year than it was in January-October 2018. (Elaine Thompson/Associated Press)

WASHINGTON — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped.

Paul Wiseman | Associated Press
December 5, 2019
Government, Business

Democrats See USMCA Deal Near, Urge Mexico to Accept Compromise

Mexico’s top trade negotiator, Jesus Seade Mexico’s top trade negotiator, Jesus Seade by David Kawai/Bloomberg News

House Democrats said Dec. 4 that a deal on the stalled U.S.-Mexico-Canada free-trade agreement is within reach and urged Mexico to accept a compromise on labor-rights enforcement.

Erik Wasson and Eric Martin | Bloomberg News
December 4, 2019
Government, Business

White House in Pre-Thanksgiving Push to Get USMCA to Finish Line

Donald Trump U.S. President Donald Trump by Susan Walsh/Associated Press

The White House is pushing to wrap final negotiations with Democrats on President Donald Trump’s top legislative priority, the U.S.-Mexico-Canada Agreement, by meeting with the Mexican deputy foreign minister Nov. 27.

November 27, 2019
Government, Business

Uncertainty Over USMCA House Vote This Year Prompts Republican Backlash

House Republican Leader Kevin McCarthy (Calif.) House Republican Leader Kevin McCarthy by J. Scott Applewhite/Associated Press

Inaction on the floor of the U.S. House of Representatives on a new trade deal with Canada and Mexico has been met with sharp criticism from Republican leaders on Capitol Hill, as well as President Donald Trump.

Eugene Mulero | Staff Reporter
November 22, 2019
Government, Business

Pelosi, White House Seek USMCA Deal at Crucial Meeting

Nancy Pelosi House Speaker Nancy Pelosi by Kholood Eid/Bloomberg

House Speaker Nancy Pelosi is meeting Nov. 21 with President Donald Trump’s trade representative Robert Lighthizer, but she said even if they reach a deal on the stalled U.S.-Mexico-Canada free trade agreement, there might not be time to vote this year.

Erik Wasson | Bloomberg News
November 21, 2019
Government, Business

USMCA Could Run Into Trouble as Mexican Reform Comes Up Short

Cemex A worker stands next to a Cemex SAB cement truck at a construction site in Mexico City. (Susana Gonzalez/Bloomberg News)

It was a historic moment for Mexico: the first time workers were given the right to vote on a labor contract negotiated by their union under a new law.

Nacha Cattan | Bloomberg News
November 20, 2019