While Nancy Pelosi and the House Democrats were most certainly driven by polls they still took a risk in passing the USMCA and giving Trump a big win right before the election.
In our current system, bipartisan solutions are rare even though those tend to do the most good for the people. That is why we need both sides to drop the heated rhetoric that limits working together.
If Trump is as bad as the left says he is (to rile up their base), how can they explain it to them when they make a deal later?
This is a big problem for Chuck Schumer. But for now, we should acknowledge they did the right thing and worked with Trump to get a better deal for the American people.
“The USMCA is a rare, bipartisan triumph, but the real winners today as the agreement is implemented are American consumers and employees,” said TechNet President and CEO Linda Moore.
“More than 12 million U.S. jobs are supported by trade, and having an agreement with our top two trading partners that reflects today’s economy with a first-of-its-kind digital trade chapter is long overdue,” added Moore.
The United States Mexico Canada Agreement (USMCA) goes into effect on Wednesday, marking a win for the Trump administration. The deal replaces the North American Free Trade Agreement (NAFTA). President Trump called NAFTA a “disastrous trade deal,” after building a substantial portion of his presidential campaign around replacing it. Previous presidents talked about replacing the decades-old deal, but President Trump is the first to sign a substantive replacement into law.
The USMCA will incentivize production at home by implementing regulations surrounding digital trade, altering rules for trade across borders without tariffs and restructuring labor enforcement systems. In particular, USMCA will bolster job growth in the agriculture sector and auto industry.
From The Hill:
The new deal includes regulations on digital commerce, a major gap in NAFTA, which was negotiated in the early 1990s.
President Trump campaigned against NAFTA, which he repeatedly called “the worst trade deal ever” and successfully pushed Mexico and Canada to negotiate the USMCA, amid threats of leaving the old deal without a replacement.
Congress passed the USMCA in a bipartisan manner, although progressives fretted about enforcement of the deal’s labor chapter – another novelty vis a vis NAFTA – and amid controversy over the deal’s potential effects on pricing for pharmaceutical drugs.
Still, the deal’s approval was a rare show of bipartisanship on a controversial issue.
— The White House (@WhiteHouse) July 1, 2020