During a White House ceremony Wednesday, President Trump signed USMCA, his long-sought replacement of NAFTA. The event had a very similar feel to the Phase One signing event that occurred just a month earlier.
“This is a colossal victory for our farmers, ranchers, energy workers, factory workers, and American workers, in all 50-states,” the President said.
Trump added the $65 billion deal will create thousands of new jobs and level the playing field for American farmers and manufacturers.
“This agreement is a tremendous breakthrough for American agriculture. Canada will finally provide greater access for American dairy. Canada’s opening up. It will grow annual exports to our neighbors by an estimated $315 million.”
Trump noted commodities that will see the biggest boost included, wheat, beef, pork, poultry, and eggs. The Commerce Department’s International Trade Commission estimates USMCA will create some $2.2 billion in new access for U.S. farm goods in Canada and Mexico.
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