Dems, Trump close to agreeing on trade deal with Mexico, Canada

by Daniel Payne · Dec 9th, 2019 3:44 pm

Last Updated Dec 9th, 2019 at 6:55 pm

President Trump and House Democrats are nearing a deal to replace the North American Free Trade Agreement, a rare moment of bipartisan cooperation in the midst of an acrimonious impeachment controversy.

The two factions have been deliberating the terms of the United States-Mexico-Canada Agreement, or USMCA, for nearly a year. It would replace NAFTA, which has been in place since 1994.

The deal would, among other things, open up Canadian dairy markets to U.S. consumers, increases labor regulations, and encourage domestic production of automobiles.

Two sources told media on Monday that a vote may happen as soon as December 18. House leaders are reportedly still studying revisions to the deal requested by the White House on Saturday.