Business, Freight News

NFTC Releases Statement on USMCA

[ December 6, 2018   //   ]

The National Foreign Trade Council (NFTC) released a statement regarding the United States-Mexico-Canada Agreement (USMCA) signedecently in Buenos Aires, Argentina.

“The USMCA has a lot of significant improvements that will help the U.S. adjust to the 21st century global economy and we commend the Administration for finalizing a deal that maintains and expands the robust North American economy,” said Rufus Yerxa, President of the NFTC. “However, the NFTC and its member companies are concerned about certain aspects of this agreement which we hope are addressed through the implementation process. We are also aware that there are significant challenges to getting this agreement through Congress, but it is vital that we do not erase the gains made over the past 23 years of North American integration.”

“Of utmost importance is the issue of unjustified steel and aluminum tariffs on our closest trading partners,” continued Yerxa. “These tariffs have no place in a new high standards agreement, and we will continue to urge the Administration to lift these tariffs so U.S. exporters can take full advantage of the benefits contained in the USMCA.”