On November 30th, 2018, President Trump, Mexican President Enrique Peña Nieto, and Canadian Prime Minister Justin Trudeau came together to sign the United States-Mexico-Canada Agreement. Now more than a year later, the future of the USMCA – a trade agreement expected to create thousands of jobs, deliver a boost to our economy, and make us stronger in our trade negotiations with China – remains unclear as Speaker Pelosi continues to prevent it from moving forward.
For months, Speaker Pelosi promised the American people that Democrats have been on a “path to yes” when it comes to revamping the decades old trade agreement. Two weeks ago, she went as far as saying USMCA’s passage could be “imminent,” providing a glimmer of hope that Democrats were prepared to put people over politics for the sake of our economy. But right before departing on a weeklong holiday break, she scaled back that optimism and cast doubt it would even get done this year.
The last time our trade policy with our partners to the north and south was updated was in 1994. Here are a few facts that will help put that date in perspective:
- NAFTA still lists ‘telegrams’ as a means of communication
- It has no mention of the ‘internet’
- When the initial agreement was written, internet search engines didn’t exist
- The basis of ‘Cyber Monday,’ the e-commerce business model – now a billion-dollar industry – was still a concept of the future
Our trade rules are outdated. It is well past time we modernize the way we trade goods with our neighbors and build an economy that is fairer to the American worker.
With all due respect, Speaker Pelosi, there are no excuses left. Let’s deliver a win for our economy and pass the USMCA.