WASHINGTON (AP) – President Donald Trump has signed into law a major rewrite of the rules of trade with Canada and Mexico. Trump says it replaces what he calls the “nightmare” of a Clinton-area agreement that governed trade among the three countries.
Trump says that agreement encouraged factories to leave the United States and relocate south of the border to take advantage of low-wage Mexican labor. He says the new deal with Canada and Mexico will keep jobs, wealth and growth in America.
Expert say the impact will be modest, given that Canada and Mexico already represent the top two export markets for U.S. goods.
Mississippi lawmakers responded to the signing of the law.
“Today is a great day for agriculture. The signing of the USMCA by President Trump has been a much-anticipated day for our farmers and ranchers. Last year, Mississippi exported nearly $91 million of agricultural products to Canada, and more than $44 million to Mexico. USMCA will increase access to these international markets, which is a win for agriculture.”Commissioner of Agriculture and Commerce Andy Gipson