US-Canada-Mexico Trade Deal, a Presidential Priority, Passed
The Senate has overwhelmingly approved a new North American trade pact that rewrites the rules of trade with Canada and Mexico.
Passage of the measure gives President Donald Trump a major policy victory before senators turn their full attention to his impeachment trial.
The measure goes to Trump for his signature.
It would replace the 25-year-old North American Free Trade Agreement, known as NAFTA.
It tore down most trade barriers and triggered a surge in trade.
But Trump and other critics blamed NAFTA for encouraging U.S. companies to move their manufacturing plants south of the border to take advantage of low-wage Mexican laborers.
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