U.S. House Passes new North American Trade Deal – USMCA

The U.S. House overwhelmingly approved a new North American trade deal on Thursday that includes tougher labor and automotive content rules, but leave $1.2 trillion in annual U.S. – Mexico – Canada trade flow largely unchanged. Softwood Lumber is not part of this agreement. The bill now moves onto the U.S. Senate, where Senate Republican leader Mitch McConnell has said that consideration of the measure would likely follow the impeachment trail in the Senate, which he expects in January.