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SENATE SETS USMCA TRADE AGREEMENT APPROVAL ON FAST TRACK
POLITICO reports:

So much for waiting until after the impeachment trial. Senate GOP leaders on Tuesday said they'll take up the House-passed USMCA implementation measure this week, and it's expected to clear the chamber with broad bipartisan support, report POLITICO's Sabrina Rodriguez and Burgess Everett.

The Senate will turn to Trump's impeachment trial next week. Majority Leader Mitch McConnell previously indicated the trade pact would hit the Senate floor after the trial, but those plans were scrambled in part by House Democrats holding onto the articles of impeachment longer than expected.

Senate approval of USMCA will lock down one of Trump's biggest achievements and hand him a political win to tout on the campaign trail this year. Replacing NAFTA was one of Trump's signature promises in 2016.

Still, the new deal isn't seen as a major departure from the current three-way framework, and it's unlikely to significantly increase North American trade. USMCA would raise economic output by nearly $70 billion (or 0.35 percent) and create 176,000 jobs by its sixth year in effect, according to official estimates.

But first... Four more Senate panels will sign off today on USMCA: Appropriations, Commerce, Foreign Relations and HELP.


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