U.S. Trade Representative Robert Lighthizer, seen here in Washington on June 18, 2019, says he is looking forward to making 'substantial progress' in ratification talks on the USMCA.The Trump administration is working on a deal with congressional Democrats to ratify its overhauled trade agreement with Canada and Mexico, showing the first tentative signs of movement after months of deadlock.
It also comes the week before Mr. Trump plans a bilateral meeting with Chinese President Xi Jinping at the Group of 20 summit in Japan, raising hopes that the world’s two largest economies may begin to resolve their bruising trade war. Markets rallied on Tuesday when Mr. Trump announced the tête-à-tête.
Ms. Pelosi last week appointed a nine-member Democratic task force to handle the talks. And she said last week that she wants to find a way to approve the pact. “We want to be on a path to ‘yes,’” she said at an event of the Peterson Foundation, a think tank on economic issues. Mr. Lighthizer wouldn’t endorse Mr. Wyden’s and Mr. Brown’s proposal, but said he would speak with them on some sort of compromise. “I will certainly work with Senator Wyden and Senator Brown, and other members … and have every expectation that we’ll come to a conclusion that is satisfactory,” he said.
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