North American Trade Agreement with Canada and Mexico approved
Source: Beta
Friday, 17.01.2020.
10:07
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Illustration (Photo: Faberr Ink/shutterstock.com)
The vote was 89 to 10. Previously, the House of Representatives approved of the revised agreement.
This vote gives President Donald Trump a major policy win before senators turn their full attention to his impeachment trial.
The measure goes to Trump for his signature. It would replace the 25-year-old North American Free Trade Agreement, known as NAFTA, which tore down most trade barriers and triggered a surge in trade. But Trump and other critics blamed that pact for encouraging U.S. companies to move their manufacturing plants south of the border to take advantage of low-wage Mexican laborers.
Passage of the trade bill, came one day after Trump signed a new trade agreement with China, easing trade tensions between the economic powers.
The Senate Majority Leader, Republican Mitch McConnell described the agreement as a major win for the Trump administration and a major win for those who are ready to move on from “the season of the toxic political noise.”
Tags:
U.S. Congress
U.S. Senate of the U.S. Congress
Donald Trump
Mitch McConnell
North American Trade Agreement
lower house of U.S. Congress
free trade
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