On November 30, 2018 the United States, Canada, and Mexico signed the USMCA trade agreement, which will replace NAFTA. Following the signing by the 3 countries, implementing legislation will be sent to the new Congress early in 2019.
Incoming Senate Finance Committee Chairman, Senator Chuck Grassley (R-IA), indicated he would play a leading role in moving USMCA implementing legislation through the Senate beginning in January.
MEMA issued a statement in support of the USMCA signing, calling it “a positive step forward.” The statement notes, however, that MEMA will continue to advocate against broad, unilateral, and import-restrictive trade measures proposed by the Trump administration. Detailed information about tariffs as well as other recent trade actions can be found on the MEMA Trade Resources Page or the MEMA Trade FAQs. For more information about MEMA’s trade positions, contact Catherine Boland