Political Quotes

“Madam President, over the weekend, we marked 1 year since the leaders of the United States, Mexico, and Canada signed the U.S.- Mexico-Canada Trade Agreement. This modern trade agreement will replace the North American Free Trade Agreement, or NAFTA, which has been the guiding force for North American trade for the past quarter of a century. When NAFTA was created, its goal was to remove barriers that impede free and fair trade and provide economic benefits to all three countries. By any measure, NAFTA has been an overwhelming success, but a lot has changed in 25 years since NAFTA went into effect, and it is time to bring North American trade into the 21st century. That is precisely what the U.S.-Mexico-Canada Trade Agreement, USMCA, will do. It preserves the hallmark provisions of NAFTA, like duty-free access to Mexican and Canadian markets, and adds measures to modernize the agreement. The USMCA provides strong protections for intellectual property, which is critical to protecting the incredible innovation that Americans do right here at home. It also cuts redtape that is preventing countless small businesses from tapping into foreign markets, and it accounts for e-commerce and digital products, something unheard of 25 years ago, at a time when governments around the world are proposing all kinds of new taxes on e-commerce. It is actually the first free-trade agreement with a digital trade chapter. That is why a lot of folks call this NAFTA 2.0. It is better.…”