Eleven trade groups on Monday urged U.S. lawmakers to pass the U.S.-Mexico-Canad...
WASHINGTON - Eleven trade groups on Monday urged U.S. lawmakers to pass the U.S.-Mexico-Canada trade agreement as soon as possible but warned Congress not to let the Trump administration change the thresholds for duty-free shipments into the United States.
The trade agreement, which leaders from the United States, Mexico and Canada signed in November, must be ratified by lawmakers in all three countries. Mexican lawmakers have already done so. The tech groups urged U.S. lawmakers to act swiftly to approve the trade deal but warned that using implementing language for the trade deal to change the de minimus threshold - the value below which imported goods are free of both sales tax and duties - would undermine the broader gains of the deal.
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