“The USMCA is the largest, most significant, modern, and
balanced trade agreement in history. All of our countries will benefit greatly.”
President Donald J. Trump
DELIVERING ON HIS PROMISE: President Donald
J. Trump is replacing the outdated North American Free Trade Agreement (NAFTA)
with the United States-Mexico-Canada Agreement (USMCA).
- Wednesday,
President Trump signed his historic USMCA deal, making good on his promise
to deliver fairer and more reciprocal trade for the American people.
- USMCA
will replace the terrible NAFTA agreement that resulted in the loss of millions
of American jobs and devastated communities across our county.
- The deal marks a tremendous victory for American workers, farmers, manufacturers, and businesses alike.
STANDING UP FOR AMERICAN WORKERS: USMCA will
deliver more jobs and better labor protections that benefit American workers,
while fostering more growth for American businesses.
- While
NAFTA was a disaster for American workers, USMCA will deliver new jobs and
better protections for hardworking Americans across the country.
- USMCA
has the potential to create nearly 600,000 jobs and generate up to $235
billion in economic activity.
- This
deal includes the strongest, most advanced, and most comprehensive labor
chapter of any American trade agreement in history.
- Workers
in all sectors of the economy are expected to benefit from this landmark
agreement.
- USMCA
is the first United States trade agreement to ever include a chapter
supporting small and medium sized businesses.
SUPPORTING AMERICAN FARMERS: USMCA includes
tremendous breakthroughs for American agriculture.
- USMCA
is a monumental win for American farmers and ranchers, improving access to
Canadian and Mexican markets to export their goods.
- As
a result of President Trump’s efforts to secure a better deal for our
farmers, American agricultural exports are expected to increase by $2.2
billion under USMCA.
- Under
the agreement, Canada has agreed to expand market access for American
dairy, egg, and poultry producers.
- The
agreement is expected to grow annual dairy exports by nearly $315
million.
- American
wheat growers will have access to a more level playing field.
- Thanks
to this deal, Canada will finally give fair treatment to American-grown
wheat.
DRIVING NEW GROWTH FOR THE AUTO INDUSTRY:
USMCA will provide a massive boost to American manufacturers, particularly our
vital auto industry.
- USMCA
will achieve fairer, more reciprocal trade that supports high-paying
American manufacturing jobs and grows the economy.
- USMCA
includes innovative provisions to incentivize new investments in the American
auto industry and support high-paying jobs for American auto workers.
- New
wage and rules of origin requirements included in the agreement will put
American autoworkers on a level playing field with workers from other
countries.
- USMCA
is expected to create up to 76,000 new auto jobs, spur $34 billion in new
investment in the auto industry, and add $23 billion in auto parts
purchases annually.
MODERNIZING REGIONAL TRADE: USMCA will bring
our trade relationship with Canada and Mexico into the 21st century.
- USMCA
is a modern trade deal that will completely transform our trade
relationship with Canada and Mexico and end the outdated NAFTA.
- USMCA
contains new protections for American intellectual property, ensuring
strong, effective protection for American innovators and creators.
- Included
in USMCA is a first-of-its-kind chapter on digital trade, which the
decades-old NAFTA was never updated to address.
- The
digital trade provisions included in this agreement will foster economic
growth and innovation for years to come.
- USMCA
includes first-of-its-kind provisions to prohibit unfair currency
practices and reinforce exchange rate stability.
- The
agreement includes the strongest environmental standards of any trade
agreement in our history.
- These
standards are fully enforceable and will help prevent companies from
moving out of the United States—and taking jobs with them—to avoid
environmental rules.
