Alexander Says trade agreement preserves elimination of tariffs, which has helped Tennessee nearly triple its auto jobs since NAFTA was enacted in 1994
Washington, D.C. – U.S. Senator Lamar Alexander (R-Tenn.) today, Wednesday, January 29th, 2020, released the following statement after President Donald Trump signed into law the United States-Mexico-Canada Agreement (USMCA) Implementation Act:
“Today, President Trump signed into law the United States-Mexico-Canada Agreement Implementation Act. This is very good news for Tennessee workers, especially autoworkers, in 88 of our 95 counties. It updates the North America Free Trade Agreement (NAFTA) of 1994, which was also good for Tennessee because it meant we would have no tariffs on what we trade back and forth from Mexico and Canada,” Senator Alexander said.
“For example, 40 years ago, when I was first elected governor, we had almost no auto jobs in Tennessee. In 1994, when NAFTA was approved, we had about 51,000. Since NAFTA was approved in 1994, auto jobs have grown to nearly three times that number because it made it more competitive to make high quality cars and trucks in Tennessee. So this is good news and the certainty that it brings to our manufacturers of all kinds in Tennessee should help grow the economy and create jobs,” stated Senator Alexander.
Alexander is chairman of the Senate Health, Education, Labor and Pensions Committee, which approved this legislation on January 15 by a bipartisan vote of 22-1. The full Senate approved the agreement on January 16 by a vote of 89 to 10.
