Historic USMCA deal is much better than NAFTA: Pelosi

Approved ~~ MJM

The United States, Mexico and Canada have reached a historic trade deal.

“There is no question, of course, that this trade agreement is much better than NAFTA,” House Speaker Nancy Pelosi, D-Calif., said at a press conference announcing her caucus’s support of the agreement. Major U.S. stock indexes turned positive after the announcement.

U.S. Trade Representative Robert Lighthizer and Senior White House Adviser Jared Kushner and Canadian Deputy Prime Minister Chrystia Freeland are expected to be in Mexico City on Tuesday for a signing ceremony.

The deal must now be ratified by all three countries. A House vote will occur next week.


Article URL: https://www.foxbusiness.com/markets/usmca-trade-deal-done

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