US Making Progress Towards Ratifying USMCA?

US Trade Representative Robert Lighthizer is all set to meet with Democratic leaders this week as discussions continue on the USCMA deal..

The new NAFTA will be called USMCA

US Trade Representative Robert Lighthizer is all set to meet with Democratic leaders this week as discussions continue on the USCMA trade agreement. US President Trump has again upped the pressure to get the deal passed through the Congress soon.

White House Chief Economic Adviser Larry Kudlow expressed optimism that the USMCA could be ratified soon despite concerns raised by some Democrats over environmental, labor and pharmaceutical issues of the deal which could replace the NAFTA agreement.

Once ratified and implemented, according to the US government, the USMCA could boost US economy’s growth by up to 0.5% by creating new jobs and adding up to $100 billion new investments. At a White House event, Trump once again raised the issue in order to win support from Democrats to pass the deal.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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