ATA praises USMCA pact
From Transport Topics. The trade deal with Canada and Mexico that took effect at the start of the month garnered a strong endorsement from the leadership at American Trucking Associations. The U.S.-Mexico-Canada Agreement replaced the North American Free Trade Agreement. White House officials, and stakeholders, have told lawmakers the new agreement solidifies President Trump’s pro-business…
From Transport Topics.
The trade deal with Canada and Mexico that took effect at the start of the month garnered a strong endorsement from the leadership at American Trucking Associations.
The U.S.-Mexico-Canada Agreement replaced the North American Free Trade Agreement. White House officials, and stakeholders, have told lawmakers the new agreement solidifies President Trump’s pro-business legacy.
“This is a tremendous day,” ATA President Chris Spear said July 1. “It is the first significant revision in our nation’s trading relationship in nearly three decades and will foster growth in all three nations at a time when the economy can use a shot in the arm.”
“Very little changes for trucking today, but going forward, USMCA will not only keep industry in North America, benefiting trucking, it will likely attract new factories and economic activity, which will lead to more trucking activity,” said Bob Costello, ATA chief economist and senior vice president of international trade policy and cross-border operations. ATA noted that last year, trucking was central in transporting 67% of the surface trade with Canada and 84% of it with Mexico. Doing so supported 89,500 full-time jobs.
See the complete article from Transport Topics online.