Washington, D.C. – U.S. President Donald J. Trump has fought for better trade deals for American workers since his first day in office. In addition to new agreements with Japan, South Korea, and the European Union, the President has long argued that NAFTA must be reformed.
More than a year ago, he kept that signature campaign promise when he signed a modern, rebalanced trade deal with Canada and Mexico. And today, after a year’s worth of stall tactics, House Democrats have finally acquiesced to the will of the American people and agreed to vote on the new United States–Mexico–Canada Agreement (USMCA).
That’s big news. It’s time for Washington to put American workers first and get USMCA over the finish line!
When President Trump took office, he inherited all sorts of poorly negotiated trade deals that heavily favored global competitors over American citizens. Of all the agreements that put U.S. workers and businesses at a disadvantage, undoubtedly the biggest culprit was the outdated, deficient NAFTA.
For years, NAFTA rules have helped incentivize offshoring, which led to manufacturing jobs leaving the United States in bulk. As a result, politicians from both parties have called to reform our trade terms with Mexico and Canada ever since the deal first passed in the mid-1990s. As usual, Washington promised voters one thing and then did another.
It took President Trump to get Mexico and Canada to sign a new deal. Here are just a few ways it updates and improves NAFTA:
- Auto and manufacturing: With new rules of origin, 75 percent of auto content must be produced in North America, stimulating U.S. vehicle and parts production.
- Labor protections: Unlike NAFTA, labor rules are enforceable, not voluntary. Workers will benefit from provisions that incentivize the use of high-wage manufacturing labor—supporting better jobs for American workers.
- Digital trade: USMCA includes the strongest terms on digital trade—a booming and growing sector of the U.S. economy—of any trade deal. NAFTA had none.
- Farmers and ranchers: In just one example, USMCA protects our farmers by eliminating a loophole that allowed Canada to undersell American dairy products.
In short, Main Street won. Democrat leaders tried to stall, desperate to avoid giving President Trump a signature win on one of his core issues.
USMCA is a promise kept to America’s working class. For that, we should all celebrate.