In yet another win for President Trump and the U.S. economy, the new USMCA trade deal has just been passed by the Senate!
The trade deal will replace NAFTA and benefit both farmers in America along with American auto manufacturing.
After facing a lot of Democrat pushback in the House, Pelosi finally agreed to the deal a few months ago.
In the Senate, the deal passed 89-10 and is now just awaiting President Trump’s signature to be finalized!
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ABC News has more to say:
A revised trilateral trade agreement between the United States, Mexico and Canada (USMCA) was passed by the Senate on Thursday, marking the second victory this week for the Trump administration's trade agenda.
The largely bipartisan vote -- 89-10 in favor of the legislation -- comes only a day after President Donald Trump celebrated the signing of a partial trade agreement with China, marking a de-escalation of the ongoing trade dispute between the two countries.
The USMCA, which renames and revises the North American Free Trade Agreement (NAFTA) of 1994, was agreed to last year by the leadership of all three nations but must be ratified by each individual country to be implemented.
The revised agreement -- which now heads to the president's desk for signature -- will expand market access for American dairy producers and aims to support auto manufacturing in North America. The new trade rules also include updates for digital trade and copyright rules.
The Mexican government has already ratified the agreement and the deal awaits the Canadian government's approval.
The White House has yet to announce plans for the signing of the agreement, which would represents a fulfilled campaign promise from the administration. Trump has long blasted NAFTA as “the worst trade deal ever made” and even campaigned in 2016 on negotiating a new deal.
The Washington Post also gave these details:
The Senate approved a sweeping U.S. economic pact with Canada and Mexico on Thursday, delivering on President Trump’s promise of a new North American trade deal, just ahead of his impeachment trial.
The vote was 89 to 10, with an overwhelming majority of senators from both parties supporting the agreement, as expected. Last month, the House approved the revised agreement by a similarly wide margin, after months of negotiations between Democrats and the White House produced pro-labor revisions and jettisoned drug-exclusivity language sought by the pharmaceutical industry. The 12 million-member AFL-CIO was closely involved in negotiating the changes and backed the agreement, along with some other major unions.
Speaking on the Senate floor Wednesday, Majority Leader Mitch McConnell (R-Ky.) called passage of the deal “a major win for Kentucky and all 50 states, a major win for our country, a major win for the Trump administration.”
Passage of the U.S.-Mexico-Canada Agreement hands Trump a key victory at a moment of political peril, with the Senate poised to begin his impeachment trial after the House delivered its articles of impeachment Wednesday evening. Trump made his opposition to the 25-year-old North American Free Trade Agreement, or NAFTA, a centerpiece of his campaign for president in 2016. He can now boast of delivering a new trade deal that includes major new protections for American workers, even though many of those were negotiated by House Democrats over the objection of Senate Republicans.
Trump must still sign the revised North American trade deal, something he suggested he will probably do next week.