Canadian Prime Minister Justin TrudeauJustin Pierre James TrudeauOn The Money: Judge upholds House subpoena for Trump financial records | Trump vows to appeal ruling by ‘Obama-appointed judge’ | Canada, Mexico lift retaliatory tariffs on US | IRS audit rate falls Pence will travel to Canada to rally support for new NAFTA On The Money: Treasury rejects Dem subpoena for Trump tax returns | Companies warn trade war about to hit consumers | Congress, White House to launch budget talks next week | Trump gets deal to lift steel tariffs on Mexico, Canada MORE on Monday notified the country’s lawmakers he intends to bring forward legislation to ratify United States-Mexico-Canada Agreement (USMCA), the deal that replaces the North American Free Trade Agreement (NAFTA), Bloomberg News reported.
Foreign Minister Chrystia Freeland introduced a “ways and means” motion in the House of Commons, the first step to getting the deal approved by parliament.
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Trudeau said last week that he was eager to complete a deal, according to Bloomberg.
Vice President Mike PenceMichael (Mike) Richard PenceWatch live: Pence participates in Memorial Day ceremony at Arlington National Cemetery Mike Pence delivers West Point commencement address Dozens of graduates walk out in protest of Pence address MORE is scheduled to meet with Trudeau in Ottawa on Thursday to discuss advancing the agreement.
The U.S. earlier this month reached a deal to lift steel and aluminum tariffs on Canada and Mexico, removing a significant roadblock to domestic approval of the USMCA. Canadian and Mexican officials have now indicated they will ratify the agreement.
Congressional Democrats, however, have said involved parties must tighten labor and environmental standards before passage in the U.S.