On July 23, the U.S. Chamber of Commerce sent a letter to Congress, urging lawmakers to pass the U.S.-Mexico-Canada Trade Agreement (USMCA). MEMA added its name to the 600 signatures in the letter. Other organizations that signed include the National Association of Manufacturers, the American Beverage Association, the Internet Association and AdvaMed.
“More than 12 million American jobs depend on trade with Canada and Mexico,” the letter reads. “U.S. manufacturers export more made-in-America manufactured goods to our North American neighbors than they do to the next 11 largest export markets combined, and the two countries account for nearly one-third of U.S. agricultural exports.”
According to The Hill, “Local Chamber branches from all 50 states, as well as from Washington, D.C., and Puerto Rico, also signed on.”
Tom Donohue, CEO of the U.S. Chamber of Commerce, emphasized that it is politically and economically integral to pass the USMCA. He suggested that Congress’s decision would leave an impact on the U.S.’s ability to make trade deals with other nations, like China, the European Union and Japan.
“Walking away from the agreement at this time would be not only an economic, serious economic failure, it would be a very, very devastating political problem,” Donohue said.
But with the risks come hope for an agreement in Congress. Donohue said that Speaker of the House Nancy Pelosi and U.S. Trade Representative Robert Lighthizer are very close to coming to a consensus on the trade agreement.
"We have significant commitments from Democratic lawmakers" he said.