During last week’s G20 Summit in Argentina, President Trump signed a trade agreement with the United States neighbors to the north and south. Now the legislatures of all three countries must approve the USMCA – the United States Mexico Canada Agreement – to update the 1990s NAFTA agreement.
The National Association of Manufacturers called on the U.S. Congress to approve the pact before the end of the year, and said that completing the agreement would give the U.S. more leverage in its trade talks with China.
“By securing the relationship with our North American allies, we are also better positioned to demonstrate a strong and united front against China’s unfair trade practices and end the harm they inflict on manufacturers in America,” NAM President and CEO Jay Timmons said.
Technology & Manufacturing Association’s October 2018 News Bulletin focused on the USMCA – read more about it HERE.