Democrats’ House Victory Complicates Passage of New Nafta, Trade Deals

The Trump administration is facing a heated trade battle with Congress after the Democratic Party retook the House of Representatives, posing a significant challenge to President Trump’s deal with Mexico and Canada.

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  • Publisher: WSJ
  • Date: 2018-11-08T10:30:00.000Z
  • Author: William Mauldin and Vivian Salama
  • Twitter: @WSJ
  • Citation: Web link

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Many things are taking place:

Canada says it has no particular concerns over trade deal after US vote

OTTAWA (Reuters) – Canada has no particular concerns over the fate of a new continental trade deal after U.S. elections that gave Democrats control of the House of Representatives, a senior official said on Wednesday.

Some U.S. commentators are already predicting that the U.S.-Mexico-Canada (USMCA) pact agreed in late September could face problems when the new House convenes in January, given skeptical comments from sections of the Democratic Party about the benefits of the deal.

Andrew Leslie, parliamentary secretary to Canadian Foreign Minister Chrystia Freeland, indicated he was not worried when asked about ratification of the treaty.

  • Publisher: U.S.
  • Date: 2018-11-07T21:37:23+0000
  • Author: David Ljunggren
  • Twitter: @Reuters
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Trade Deal Will Be Boon for Automotive, Chemical Sectors

YOUNGSTOWN, Ohio ‘ Depending on who you ask, the recently negotiated U.S.-Mexico-Canada Agreement is either a rebranding or reconstruction of the 24-year-old North American Free Trade Agreement.

The reality lies somewhere in between, explained Dan Ujczo, an international trade and customs attorney for Dickinson Wright. The new deal more akin to a renovation of the framework, he said Nov. 7 at a seminar at the Williamson College of Business Administration.

‘About half of this deal is a fresh coat of paint on the original NAFTA,’ he said, noting that much of the deal is ‘getting it up to the 21st century,’ including a new section that deals with how the internet and e-commerce applies and updates to intellectual property rules.

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  • Publisher: Business Journal Daily
  • Date: 2018-11-08T05:00:10-05:00
  • Citation: Web link

As Trump and a Democratic House face off, the USMCA may be caught in the middle

The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures.

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  • Publisher: The Globe and Mail
  • Date: 2018-11-07T14:37:28-0500
  • Twitter: @globeandmail
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POLITICO Playbook PM: McMorris Rodgers won’t run for GOP leadership

FIRST IN PLAYBOOK ‘ REP. CATHY MCMORRIS RODGERS of Washington state — the House Republican Conference chair since 2013 — is not running for re-election to the GOP leadership. McMorris Rodgers was making calls to run for whip, but would not run against REP. STEVE SCALISE (R-LA.), who is seeking the No. 2 slot in the GOP minority. Instead, CMR — as she is known on the Hill — will seek a slot as a ranking member on an Energy and Commerce subcommittee.

— MCMORRIS RODGERS just won a tough re-election campaign in her Spokane-anchored eastern Washington district — no other Republican leader had a sniff of a challenge. Still, McMorris Rodgers raised $17 million for Republicans this cycle, including $2.1 million to the NRCC, and $9 million for members and candidates.

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New trade deal could become political football if Democrats take the U.S. House

If the Democrats take the U.S. House of Representative in next week’s midterm elections, they could put up some major hurdles for USMCA.

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A new trade deal has been one of Trump’s crowning achievements during his tenure. But trade lawyer Mark Warner says in a doomsday scenario the Democrats could put an end to USMCA.

‘If they get a very large victory, which is not likely possible, the Democrats could hold together and not give Trump a victory,’ Warner told Yahoo Finance Canada.

Warner says he doesn’t expect the Democrats to win big, but the world won’t know if his projections are correct until November 6.

  • Twitter: @YahooFinance
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