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

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.

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Delay hurts America’s auto workers. Based on concrete business plans provided by the auto industry, USMCA will add $34 billion in new manufacturing investment in the U.S. and 76,000 American jobs over five years. If Congress delays or kills USMCA, these new investments and jobs could be delayed indefinitely.

U.S. agriculture also stands to lose every day the USMCA is not implemented. Why delay more access to Canadian customers for American dairy, wheat, chicken, egg and turkey producers?

America’s groundbreaking inventors create great paying jobs and careers here at home. Every day USMCA is stalled in Congress, U.S companies are forced to wait longer for patents in these countries. This means losing valuable time and dollars in getting new, innovative products to market while foreign competitors get a leg up.

U.S. inventors already wait an average of 10 years in Canada and seven in Mexico. That’s too long. These approval times accelerate under the new trade agreement, which benefits families and businesses in all three countries.