U.S., Mexico and Canada Reach Agreement on Changes to USMCA Trade Agreement
By Fox Business // December 9, 2019
final deal expected in next 24 hours
ABOVE VIDEO: USMCA deal has been reached.
(FOX BUSINESS) – Trade negotiators from the U.S., Mexico and Canada have reached an agreement that makes changes to the enforcement of the United States-Mexico-Canada Agreement, multiple sources have told FOX Business.
A final deal could come together in the next 24 hours, according to sources, paving the way for ratification by all three countries. U.S. stocks were little changed on the developments.
House Democrats and Speaker Nancy Pelosi expressed concerns over enforcement and the need to make sure Mexico pays workers in auto plants an average of $16 an hour.
Mexico has rejected such an enforcement mechanism but has said it’s willing to allow a “neutral” third party to accompany U.S. and Mexican regulators. There is also a process in case Mexico becomes noncompliant.
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