The United States-Mexico-Canada Agreement (USMCA) is expected to become law next week as President Donald Trump plans to sign the legislation, fulfilling one of his major campaign promises.
The Hill citing a White House spokesman said President Trump will sign USMCA on Jan. 29, after Sen. Chuck Grassley (R-Iowa), the president pro tempore of the U.S. Senate, signed the legislation on Wednesday, Jan. 22, and sent it to the president’s desk.
The $1.3-trillion USMCA implementation legislation got considerable bipartisan support in both chambers. The Senate approved the bill by an overwhelming vote of 89 to 10, after the House passed it by 385-41.
The International Trade Commission has estimated USMCA could create up to 589,000 jobs and increase the U.S.’s gross domestic product (GDP) by up to 1.2 percent to nudge the 4 percent growth target President Trump believed was possible to achieve.
The signing of USMCA would represent one of President Trump’s most significant accomplishments during his first term as president and offer him an opportunity to take a victory lap, according to The Hill.