U.S. Vice President Mike Pence on Tuesday said that a new U.S.-Mexico-Canada tra...
WASHINGTON - U.S. Vice President Mike Pence on Tuesday said that a new U.S.-Mexico-Canada trade deal needs to be approved without delay, but Democrats and organized labor said certain provisions must first be improved.
“The clock is ticking,” Pence said. “Canada has already begun to make it through the legislative process, Mexico has already begun making changes that we asked for. ... We believe if House Speaker Nancy Pelosi brings it to the floor it will pass.” Senator Charles Grassley, the Republican chairman of the Senate Finance Committee, told a hearing on Tuesday that he had an “open mind” about ways to improve the agreement, including stronger enforcement. But he warned that reopening the whole pact could cause it to unravel.
Experts from the automotive, agriculture and trucking industries told the hearing they expected considerable benefits from the deal, which the International Trade Commission estimates will increase U.S. gross domestic product by $68.2 billion while creating 176,000 U.S. jobs.
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