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Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
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President Donald Trump has a signature achievement within his grasp. All he needs to do is weave through a skeptical Congress — a task that has proven difficult for his administration in the past.
The president reached an agreement with Mexico and Canada last year to replace the 1994 North American Free Trade Agreement, which the president has long slammed as a "disaster" that saps American jobs. Republicans and the U.S. neighbors want Congress to ratify the deal by this summer.
Getting the pact, which Trump has called the United States-Mexico-Canada Agreement, approved would give Trump another policy to tout as he hits the 2020 re-election campaign trail. After the conclusion of special counsel Robert Mueller's Russia investigation, Trump set out to follow through on reworking relationships with several countries that the president has accused of trade abuses. The next few months are pivotal for Trump as he tries to ratify the North American pact and reach a new deal with China, the world's second-largest economy.
But approval of the USMCA, which Democrats have dubbed NAFTA 2.0 in part to signal that Trump made few changes, is not certain. Not only the majority House Democrats but also a key Senate Republican have expressed concerns about the deal.
Here are the latest developments on Capitol Hill as Trump pushes for the agreement's swift ratification:
— CNBC's Kayla Tausche contributed to this report