Grassley Statement on USMCA Trade Agreement Signing
WASHINGTON – U.S. Sen. Chuck Grassley of Iowa released the following statement regarding the Trump administration’s announcement that a new trade agreement has been signed by the United States, Mexico and Canada.
“As an advocate for free and fair trade, I’ve supported trade agreements that lower barriers and deliver opportunity for American farmers, workers and businesses. When President Trump first announced his plan to renegotiate NAFTA, I was skeptical and nervous about the consequences for Iowa farmers and the agricultural economy. As the process has moved forward, I’ve been impressed with the President’s ability to negotiate smartly, strongly and to the benefit of the country.
“This updated trilateral trade agreement shows that America stands ready to do business and negotiate trade agreements that create mutual economic prosperity while leveling the playing field to correct trade discrepancies that hurt U.S. interests. It modernizes America’s most important trade relationship and strengthens our ability to export more ‘made-in-America’ goods. For Iowa, it will help expand market access for dairy, eggs and poultry producers.
“Now that the agreement has been signed, the Senate Finance Committee will review it with a fine-tooth comb and have the opportunity to weigh in. As incoming chairman of that committee, I’ll work closely with committee members and the Trump administration to guide the agreement through Congress.”
Grassley recently announced he would opt to serve as chairman of the Senate Finance Committee in the 116th Congress. The Senate Finance Committee’s jurisdiction includes trade and tax policy. Grassley is also a member of the Senate Agriculture Committee and a family farmer. The United States is the world’s largest agricultural exporting country, selling one third of its product abroad. Agricultural exports account for about a quarter of farm cash receipts.