US, Canadian Leaders Talking Trade After Mexico Ratifies New Agreement
By VOA News|
A day after the Mexican Senate ratified the new trade deal with Canada and the United States, Canadian Prime Minister Justin Trudeau is visiting Washington on Thursday to discuss the agreement and other trade issues with U.S. President Donald Trump.
Wednesday’s 114 to 4 vote in Mexico was overwhelmingly in favor of the United States-Mexico-Canada Agreement, despite misgivings from liberals there and tensions with the United States over immigration.
Mexico is the first country to approve the USMCA, the replacement for the 1994 North American Free Trade Agreement.
Trump had called NAFTA one of “the worst trade deals ever made,” saying it killed U.S. jobs and gave all the advantages to Mexico.
The new agreement is almost identical to the old one. The main differences include the condition that cars exported to the United Stats must contain more U.S.-made parts, and U.S. dairy farmers will be able to sell products to Canada.
Some Mexican lawmakers say they feel Trump bullied Mexico into accepting a new trade deal, but they voted for it because they said there is no alternative.
The Canadian parliament has not voted on it yet and the agreement faces opposition in the Democratic-led U.S. House.