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USMCA Update

Senate Finance Committee Chairman Chuck Grassley stated that it may take three to four days for the agreement to pass through the Senate committees prior to a vote.  The vote may come as soon as the week of January 21st, but is dependent on the arrival of the articles of impeachment. One of the key topics in committee will be oversight on the implementation of USMCA’s enforcement provisions.

Though there are differences between the agreements, the new agreement preserves large portions of NAFTA.  USMCA could be better described as an update to NAFTA rather than a completely new trade agreement.