Finance

Delaying Approval of New Trade Deal Hurts American Workers, Families and The Economy

By Daniel M

May 28, 2019

The U.S. will be losing out on more jobs, more customers for Made-in-America goods and a stronger economy unless the U.S. House of Representatives takes up the updated trade agreement with Mexico and Canada.

Last fall the three countries came together to modernize the North American Free Trade Agreement, bringing this successful trading partnership into the 21st century. USMCA will provide substantial benefits to U.S. workers, families and Main Street businesses.

But before we can benefit from these improvements, Congress must first approve the carefully crafted agreement. Every day of delay hurts American workers, farmers and local businesses.

President Trump and U.S. Trade Ambassador Robert Lighthizer worked tirelessly to make this agreement a solid win for American workers and job creators. Lawmakers in both parties heartily defend the current U.S-Mexico-Canada trading partnership as vital. On balance the new USMCA strengthens that partnership in key ways by preserving provisions that work well today, improving on others and establishing new standards that are the best in the world.

Delay of approval in Congress hurts U.S. jobs. Without the agreement America will miss out on adding 176,000 new jobs and over $68 billion in new economic growth according to the U.S. International Trade Commission.