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Representative Earl Blumenauer, chairman of the House Ways and Means trade subcommittee, said that he had already believed the trade deal needed changes before it could be considered by the House. “Nothing in this report alleviates those concerns,” he said tiffany cufflinks airplane. Senator Ron Wyden, the top Democrat on the Senate Finance Committee said, “The administration shouldn’t squander the opportunity to lock in real, enforceable labor standards in Mexico.”. The ITC report said Mexican union wages would rise by 17.2 percent if the labor provisions agreed in the USMCA are enforced. Even so, Mexican factory wages would remain far below those in the United States..
Republican Senator Chuck Grassley, chairman of the Senate Finance Committee, praised the report for highlighting benefits beyond tariff reductions. “Many of the significant improvements in USMCA are reducing non-tariff barriers and implementing rules and fair practices that will help U.S. workers, jobs and businesses tremendously over the coming years,” Grassley said in an emailed statement. The U.S tiffany cufflinks airplane. Trade Representative’s office had prepared a separate analysis of the USMCA’s automotive benefits that industry officials had described as a rosier alternative view of USMCA aimed at limiting any potential damage from the ITC report..
USTR estimated that the trade deal would create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the regional content rules. The total includes about $15 billion in projects already announced. USTR officials said their analysis was based on plans disclosed by automakers to the trade agency for compliance with the new agreement’s tighter rules of origin. “They have verbally committed to us that they intend to comply with the rules,” a senior USTR official said tiffany cufflinks airplane. “And they have told us that this is not going to have significant upward pressure on vehicle prices.”..
But the ITC report said some automakers may decide not to offer vehicles that would be too expensive to bring into compliance with the deal, reducing consumer choice in the U.S. auto market tiffany cufflinks airplane. The trade group representing Detroit automakers Ford, GM and Fiat Chrysler said it viewed the USTR analysis as more accurate than the ITC’s. The ITC “underestimates the longer-term investments and increased U.S. auto parts sourcing that will be made in our sector as a result of the certainty and predictability the USMCA will deliver,” Matt Blunt, president of the American Automotive Policy Council, said in a statement..
(Reuters) – Air Canada said on Thursday its Boeing Co 737 MAX pilots were reviewing aircraft systems and alternative flight conditions for the grounded planes, and the carrier would decide on further training pending final recommendations from regulators tiffany cufflinks airplane. On Wednesday, Canadian Transport Minister Marc Garneau called for pilots to receive simulator training for Boeing’s new 737 MAX software, going beyond a draft report by a U.S. Federal Aviation Administration-appointed board, which recommended additional training without requiring a simulator..