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US Senate passed USMCA, Canada next

US Senate approved the US-Mexico-Canada Agreement yesterday with 89-10 vote. House already passed the legislation on December 19. The USMCA will now be sent to President Donald Trump for signing into law.

Treasury Secretary Steven Mnuchin hailed, “this historic agreement not only modernizes and rebalances our trade relationship with Canada and Mexico, but it promotes economic growth, creates jobs, and provides crucial certainty for farmers, workers and manufacturers.”

Canada is the only country which hasn’t ratified the agreement yet. The parliament does not return to session until January 27 and, for now, the schedule remains unclear. But little resistance is expected as both Liberal and Conservatives should back it.

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