ZeroHedge.com<\/p>\n
It’s official:<\/strong>\u00a0The Senate has passed President Trump’s USMCA trade accord that revamps the 1994 NAFTA agreement.<\/p>\n The final count: 89 to 10, with several high-profile Democrats, including Cory Booker and Chuck Schumer, opposing the measure.<\/p>\n By allowing Trump to sign USMCA into law on Thursday, the vote will enable his administration to celebrate two back-to-back wins on trade policy.<\/p>\n The vote on H.R. 5430 is ongoing, but a majority of senators have voted to approve the deal. It was passed by the Democrat-controlled House nearly one month ago.<\/p>\n The Commerce, Foreign Relations, Appropriations and Health, Education, Labor, and Pensions Committees all approved the deal on Wednesday, removing the final obstacle to a floor vote.\u00a0The Senate’s approval will come more than a year after the underlying deal, which would replace the 1993 North American Free Trade Agreement, was reached between the U.S., Canada, and Mexico.<\/strong><\/p>\n As\u00a0Politico<\/a>\u00a0reminds us,\u00a0passage of the deal<\/a>\u00a0fulfills Trump\u2019s 2016 campaign promise to renegotiate NAFTA, a key part of his promise to rework international trade arrangements to the benefit of American workers. As the bill’s overwhelming passage suggests,\u00a0Democrats also regard the deal as a win due to major changes they secured in negotiations with the Trump administration.<\/strong><\/p>\n But that didn’t stop 10 Democrats from voting against it. Dem leader Chuck Schumer, the top Senate Dem, acknowledged that although the treaty is a win for workers,\u00a0it doesn’t do enough to combat climate change,\u00a0<\/strong>and thus he didn’t vote for it.<\/p>\n