House Speaker Nancy Pelosi will meet with President Donald Trump’s top trade negotiator Wednesday during a key stretch for the White House’s trade policy, a senior Democratic aide said.
Pelosi, joined by House Majority Leader Steny Hoyer, D-Md., House Majority Whip James Clyburn, D-S.C. and House Ways and Means Committee Chairman Richard Neal, D-Mass., will huddle with U.S. Trade Representative Robert Lighthizer in the afternoon. They will primarily address the president’s updates to the North American Free Trade Agreement but will likely discuss the widening trade war with China as well, according to the aide.
The meeting comes as Pelosi and top House Democrats show reservations about approving an updated version of the North American Free Trade Agreement, which Trump has dubbed the United States Mexico Canada Agreement. They have expressed concerns about whether the deal has sufficient environmental and labor protections. They have also worried about whether certain provisions could increase drug costs.
via CNBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.