Steel groups cheer USMCA's passage into law

The United States-Mexico-Canada agreement (USMCA) cleared its third and final hurdle within the US on Wednesday January 29 after it was signed into law by President Donald Trump, drawing praise from steel groups.

The US Senate passed the USMCA in a 89-10 vote on January 16 following the House of Representatives' seal of approval in a 385-41 vote on December 19.
The accord has already passed through the Mexican Senate, but has yet to be ratified by the Canadian Parliament.
Steel reacts
Thomas Gibson, president and chief executive officer of the Washington-based American Iron and Steel Institute, called the deal a major victory for steel and associated industries in the US.
“USMCA will help create jobs and foster investment in manufacturing, including strengthening our steel industry supply chains with key customers by incentivizing the use of North American steel in manufactured goods,” he said in a statement.

“This will enhance the ability of our three countries to continue...


Patrick Fitzgerald

January 29, 2020

23:14 GMT

New York