House advances trade deal

On Tuesday, the House Ways and Means Committee backed the newly devised  agreement between the United States, Canada, and Mexico. The passage in the Committee progresses the bill to be voted on by the full House later this week.

The Trump administration put forth this trade deal as a replacement for the North American Free Trade Agreement, NAFTA. House Democrats approved of President Trump's deal with minor edits.

The House is expected to vote on Thursday in a bipartisan vote to pass the USMCA. This is a big milestone for the Trump administration, as Trump vowed to replace NAFTA during his campaign.

"The Senate plans to ratify the new trade deal next year. The agreement is expected to increase U.S. access to Canadian dairy markets, and increase the use of American-made parts in cars produced over the border" (CNBC).

President Trump was critical of NAFTA, which has been in place since 1994, as being a job killer. The new USMCA trade deal would boost U.S. access to Canadian dairy markets, and auto parts will be made by people making at least $16 per hour.

The passage of the USMCA bill will undoubtedly help the U.S. and fellow nations in trade.
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