House Ways & Means Trade Subcommittee ranking member Vern Buchanan (R-Fla.) says he’s hopeful Congress will pass the U.S.-Mexico-Canada trade agreement, also known as the “New NAFTA,” before August of this year.
“The idea is to try to get this done before August. I think we can,” the Congressman said just moments after meeting with President Trump at the White House on Tuesday. “We have a lot of momentum.”
In a first on FOX Business interview on “After The Bell,” Buchanan described Trump’s meeting with Republican lawmakers, where the president made the case for speedy passage of the USMCA.
“It’s $1.3 trillion of economic activity between the U.S., Mexico and Canada,” Buchanan told Connell McShane.
The Congressman was also optimistic that tariffs across the board would eventually be reduced, pointing out that in his home state of Florida, a full 1 in 5 jobs are “trade-related.”
Buchanan pointed out the deal needed a majority of Republicans on board as well as at least 30 Democrats, suggesting the updated NAFTA was “too big to fail.”