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Pelosi: Deal on new NAFTA 'imminent'

Pelosi: Deal on new NAFTA 'imminent'
© Greg Nash

House Speaker Nancy PelosiNancy PelosiOn The Money: Inflation jumps at fastest pace since 2008 | Biden 'encouraged' on bipartisan infrastructure deal Overnight Health Care: CDC approves Pfizer vaccine for adolescents aged 12-15 | House moderates signal concerns with Pelosi drug pricing bill | Panel blasts COVID-19 response Biden 'encouraged' by meeting with congressional leaders on infrastructure MORE (D-Calif.) on Thursday said that a deal to update the North American Free Trade Agreement (NAFTA) was “imminent.”

“I do believe that if we can get this to the place it needs to be, which is imminent, that this can be a template for future trade agreements, a good template,” she said at her weekly press conference.

House Democrats have been involved in intense negotiations with the Trump administration over provisions of the new trade deal, called the U.S.-Mexico-Canada Agreement (USMCA).

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Democrats have sought stronger enforcement provisions, particularly in regard to labor, environmental and pharmaceutical issues.

Pelosi met Thursday afternoon with the top Democrats negotiating the deal, and is scheduled to speak with U.S. Trade Representative Robert LighthizerBob LighthizerWhiskey, workers and friends caught in the trade dispute crossfire GOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 MORE later.

Rep. Richard NealRichard Edmund NealGAO report finds maternal mortality rates higher in rural, underserved areas On The Money: Weekly jobless claims fall to 498K, hitting new post-lockdown low | House to advance appropriations bills in June, July Rural Democrats urge protections from tax increases for family farms MORE (D-Mass.), the head of the Ways and Means Committee that oversees trade, said he did not expect an announcement Thursday, but indicated that talks were nearing completion.

“There’s still a few issues that we’re trying to zero in on,” he said, adding that the support of the AFL-CIO and other labor groups would be necessary to clinch the deal.

That support, he said, was in reach.

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A deal, which Neal said he hoped would pass before New Year's, would be a key victory for President TrumpDonald TrumpWarren says Republican party 'eating itself and it is discovering that the meal is poisonous' More than 75 Asian, LGBTQ groups oppose anti-Asian crime bill McConnell says he's 'great admirer' of Liz Cheney but mum on her removal MORE, who made replacing NAFTA a central part of his 2016 campaign. It would also be a victory for Democrats, who could claim a new model of labor-friendly trade deals.

Pelosi said she would like to see the deal pass by year's end.

"I'd like to see us get it done this year. That would be my goal," she said.

The deal would come as the House is expected to wrap up an impeachment inquiry into Trump and potentially vote on articles of impeachment. Passage could offer Democrats a rebuttal against Republicans, who have accused them of prioritizing impeachment above legislation.