Home 2020 2020: America First, USMCA, China Trade Deal ‘Phase 1’ Could Come Back-to-Back

2020: America First, USMCA, China Trade Deal ‘Phase 1’ Could Come Back-to-Back

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 2 of the “biggest and best trade deals ever in American history” could be signed within a week of each other, according to assistant to the President and Director of the Office of Trade and Manufacturing Policy Peter Navarro. 

The US-Mexico-Canada Agreement (USMCA) will likely pass the Senate, with a bipartisan vote, as early as this Friday, Mr. Navarro said on TV Sunday, adding that the upcoming signing of Phase 1 of the trade deal with China is scheduled for Jan. 15. 

So, you could have, within the space of a week, leading off 2020, 2 of the biggest and best trade deals ever signed in American history,” Mr. Navarro said. 

Senator Chuck Grassley (R-Iowa), is to mark up the USMCA Tuesday in the Senate Finance Committee, and Majority Leader Mitch McConnell will then be able to call the measure onto the floor. 

The beauty of fast track legislation, it is a maximum of 20 hours before it goes to the floor for a vote,” said Mr. Navarro. “We have large bipartisan support in the Senate. Possibly this week we can do some great people’s business.”

Dairy farmers in Wisconsin will rejoice,” said Mr. Navarro “Autoworkers in Detroit, everyone in between, across the 50 states of America.”

The House passed the USMCA in December, Phase 1 of the China bill has been ‘under construction‘ for several months. 

America First!

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.