Mexico’s Senate Ratifies USMCA Amid Trump Tariff Cease-Fire

Mexico’s Senate ratified a North American trade deal with the U.S. and Canada, becoming the first to do so amid a truce reached with President Donald Trump over an unrelated tariff threat.

The U.S.-Mexico-Canada Agreement (USMCA) – which was designed as a substitute for the North American Free Trade Agreement (NAFTA) – sailed through the country’s upper chamber with a vote of 114 to four, with three abstentions.

The USMCA was signed by Trump and the leaders of Mexico and Canada in November 2018.

Read more.

Leave a Reply

Your email address will not be published.