6/19, 4:14 PM (Source: TeleTrader)
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Lighthizer signals willingness to work with Dems on USMCA

United States Trade Representative Robert Lighthizer told Houise Ways and Means Committee on Wednesday that is willing to work with the Democrats "sooner rather than later" to resolve the differences on the revamped NAFTA agreement, the US-Mexico-Canada (USMCA) trade deal. He added that threatening Mexico with tariffs will not make the ratification of the deal more difficult.

Lighthizer's comments come a day after he told the Senate Finance Committee that the USMCA has the "most ambitious labor chapter" ever negotiated and that it will reduce incentives to outsource jobs. He added that the Trump administration is having "constructive discussions" with lawmakers on improvements to USMCA, expressing hope the implementing legislation will be submitted "very soon" to Congress.

Turning to trade talks with China, Lighthizer reaffirmed that the US is "certainly willing to engage" with Beijing to reach a successful final trade deal, which would be in the interest of both countries. However, he said that it is unclear when the negotiations will resume, but added that he expects to meet with Chinese vice premier at next week's G20 summit in Japan.

Breaking the News / FH