Mexico Ratifies USMCA, Canada Waits for U.S.

Mexico voted to ratify the United States-Mexico-Canada Agreement on Wednesday, paving the path for Canada and the U.S, to follow suit. The vote by the Mexican senate was nearly unanimous at 114 to 4 with three senators abstaining. Although some senators expressed concern about capricious tariff threats from the U.S. president, the sentiment was generally that the agreement is good for the country and the North American economy.

“Mexico takes the lead, with clear signs that our economy is open,” Mexican Under Secretary for North America Jesús Seade said in a tweet following the vote. “We are confident that our partners will soon do the same for the sake of a strong North America, with clear rules, attractive for investment, stable and competitive.”