Canadian Prime Minister Trudeau to Visit DC to Lobby for USMCA

June 19, 2019 by Dan McCue
Canadian Prime Minister Justin Trudeau will travel to the nation's capital June 19 to begin a busy 24 hours lobbying for U.S. passage of the USMCA trade deal.

WASHINGTON – Canadian Prime Minister Justin Trudeau arrives in the nation’s capital Wednesday evening to begin a busy 24 hours lobbying for U.S. passage of the USMCA trade deal.

The prime minister will attend a reception hosted by David MacNaughton, Canada’s ambassador to the United States, Wednesday night, and then meet with House Speaker Nancy Pelosi, D-Calif., Senate Majority Leader Mitch McConnell, R-Ky., and President Trump on Thursday.

In a statement released ahead of the trip, Trudeau said “Canadians and Americans are better off when we work together to grow the middle class and create new opportunities on both sides of the border.

“I look forward to meeting with President Trump to discuss the ratification of the new NAFTA, and how we can continue to strengthen our vital trade and economic partnership,” he said.

One of Trudeau’s primary objectives in visiting Washington is to get a first-hand sense of the outlook for the new North American trade deal on Capitol Hill, according to a Canadian official familiar with the details of the trip.

With the Canadian Parliament set to adjourn soon, Trudeau has to decide whether to push the body for a last-minute vote on Canada’s USMCA implementation bill. If the prime minister were to do so, he’d be asking Canadian lawmakers to bless the deal without knowing how the Trump administration might amend it to address the concerns of House Democrats.

The Mexican Senate, which has already taken up the trade deal, could have it ratified by next week.

If it is approved by all three countries, the USMCA would replace the 1993 North American Free Trade Agreement. But in the U.S., House Speaker Pelosi has objected to the deal, saying it lacks adequate mechanisms to enforce its labor and environmental provisions, or rein in the cost of prescription drugs.

As speaker, Pelosi is under no obligation to bring the USMCA up for a vote until her concerns are addressed. Under current rules, the earliest the USMCA could pass in a House vote, should one be allowed, would be in the second week of July.

In the meantime, Pelosi has agreed to establish four working groups of lawmakers to meet with the U.S. Trade Representative’s Office to try to hammer out a solution.

Canada and the United States share one of the largest and most comprehensive economic partnerships in the world.

A fact sheet distributed by the Canadian prime minister’s office notes that bilateral merchandise trade between the two countries increased 5.7 percent to $742.9 billion in 2018, and that Canada buys more goods from the United States than China, Japan, and the United Kingdom combined.

In fact it says, more than $2.6 billion worth of goods and services cross the U.S.-Canadian border daily.

At the same time, the U.S. is the single greatest investor in Canada. In 2018, U.S. stock investment in Canada was $406 billion, representing nearly half of all investment in Canada.

Trade between NAFTA members—Canada, the United States, and Mexico—was valued at nearly $1.5 trillion in 2018, the fact sheet said.

In addition to discussing the new North American Free Trade Agreement, Trudeau and Trump are also expected to exchange thoughts on key global challenges in preparation for the upcoming G20 Osaka Summit.

The summit, which is being held June 28-29, 2019, at the International Exhibition Center in Osaka, is the first-ever G20 meeting to be hosted in Japan.

Trade

ASEAN, China, Other Partners Sign World's Biggest Trade Pact
Trade
ASEAN, China, Other Partners Sign World's Biggest Trade Pact

China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic. The Regional Comprehensive Economic... Read More

Spike In Phony PPEs at Peak of COVID-19 Crisis Shines Spotlight on Issue of Illicit Trade
Trade
Spike In Phony PPEs at Peak of COVID-19 Crisis Shines Spotlight on Issue of Illicit Trade
September 11, 2020
by Dan McCue

WASHINGTON - It wasn't unexpected. Counterfeits and knockoffs are all around us, from sneakers to handbags and even cures for the common cold. But a surge in demand for personal protection equipment, not to mention tobacco, alcohol and cleaning products, at the peak of the coronavirus... Read More

Wine Sellers Brace for Second Round of Tariffs
Business
Wine Sellers Brace for Second Round of Tariffs
August 7, 2020
by Dan McCue

WASHINGTON - As if a global health crisis wasn't enough to have on their plate, wine sellers are bracing for the imposition of another round of tariffs that could raise the price of imported European wines and other products by as much as 100%. Though no... Read More

UK’s Truss in Washington to Press for Post-Brexit Trade Deal
Trade
UK’s Truss in Washington to Press for Post-Brexit Trade Deal

U.K. International Trade Secretary Liz Truss will meet with her U.S. counterpart Robert Lighthizer in Washington on Monday as part of the third round of talks to reach a trade deal between the two countries. Prime Minister Boris Johnson put an agreement with the U.S. at... Read More

Senate Confronts China Threat to Beat Out U.S. Economy
Geopolitics
Senate Confronts China Threat to Beat Out U.S. Economy
July 23, 2020
by Tom Ramstack

WASHINGTON - The U.S. Senate tried to figure out a response Wednesday to a trade war with China that is taking on new urgency during the coronavirus pandemic. Republican and Democratic senators identified Chinese computer hackers and patent thieves as threats to the U.S. economy that... Read More

López Obrador Heading to Washington to Meet Trump Amid Controversy
Trade
López Obrador Heading to Washington to Meet Trump Amid Controversy

MEXICO CITY — Donald Trump notoriously kicked off his presidential bid in 2015 by disparaging Mexican immigrants as drug dealers, criminals and “rapists,” adding: “And some, I assume, are good people.” During his own campaign two years later, future Mexican President Andrés Manuel López Obrador assailed... Read More

News From The Well
scroll top