Usmca Draft Agreement

On December 19, 2019, the U.S. House of Representatives passed the USMCA by 385 votes (Democrats 193, Republicans 192) to 41 (Democrats 38, Republicans 2, Independents 1). [78] [79] On January 16, 2020, the U.S. Senate passed the trade agreement by 89 votes (Democrats 38, Republicans 51) to 10 (Democrats 8, Republicans 1, Independents 1)[80] and the bill was submitted to the White House for Donald Trump`s signature. [81] On January 29, 2020, Trump signed the current agreement (Public Law No. 116-113). [82] It formally amended NAFTA,[83] but not the 1989 Canada-U.S. Free Trade Agreement, which is only “suspended,” so that if the parties did not renew or renew it within 6 years, the free trade agreement would become law. [84] [85] On March 1, 27, 2019, many organizations representing the agricultural sector in the United States announced their support for the USMCA and asked Congress to ratify the agreement. They also called on the Trump administration to maintain NAFTA until the new trade agreement is ratified. [70] On March 4, however, House Ways and Means President Richard Neal predicted a “very hard” path through Congress for the deal.

[71] Beginning March 7, senior White House officials met with members of the House Ways and Means as well as moderate caucuses from both sides, such as the Solvers Caucus, the Tuesday Group, and the Blue Dog Coalition, to gain support for ratification. The Trump administration has also withdrawn from the threat to withdraw from nafta, as negotiations with Congress continue. [72] On May 30, U.S. Trade Representative Robert E. Lighthizer submits to Congress a draft declaration on the administrative measures necessary to implement the Agreement between the United States, Mexico and Canada (USMCA and the new NAFTA) pursuant to the Presidential Trade Promotion Authority (TPA) Act 2015. The project will submit USMCA enforcement legislation to Congress after 30 days, or after June 29. In a letter [73] sent to Nancy Pelosi, spokeswoman for the House of Representatives, and Kevin McCarthy, the minority leader of the House of Representatives, the Republicans, Lighthizer said that the USMCA is the gold standard in U.S. trade policy, modernizes competitive digital commerce, intellectual property, and U.S. services, and creates a level playing field for U.S. companies, workers and farmers. an agreement that represents a fundamental reorientation of trade relations between Mexico and Canada.

In order to increase cross-border trade, the United States has entered into an agreement with Mexico and Canada to increase their de minimis shipping value. For the first time in decades, Canada will increase from C$20 ($15.38) to C$40 ($30.77) for taxes. Canada also provides duty-free shipments of up to C$150 ($115.38). Mexico will continue to provide $50 tax-free de minimis and will also offer duty-free shipments worth $117. Dissemination values up to these levels would occur with a minimum of formal entry procedures, making it easier for more businesses, especially small and medium-sized enterprises, to be part of cross-border trade. Canada will also allow the importer to pay taxes 90 days after entry. Growing objections within Member States to US trade policy and various aspects of the USMCA have had an impact on the signature and ratification process. Mexico said they would not sign the USMCA if tariffs on steel and aluminum were maintained.

[62] Based on U.S. results of November 6, 2018. . . .