January 29, 2020
Manufacturers, Dairy Farms & Small Businesses to Benefit from Modernized USMCA Deal
MADISON – Wisconsin Manufacturers & Commerce (WMC) lauded President Donald Trump on Wednesday for signing the United States-Mexico-Canada Agreement (USMCA) into law. The deal will preserve free and open trade with both Canada and Mexico, while ensuring modernized protections for American businesses and workers.
“WMC and our members thank President Trump for signing the USMCA into law today,” said WMC President & CEO Kurt Bauer. “This trade deal will grow Wisconsin’s economy, provide greater opportunity for Wisconsin manufacturers and farmers, and help expand the Badger State’s reach throughout North America.”
Wisconsin’s economy relies on trade, and the USMCA will ensure the state’s economic relationship with Mexico and Canada continues to grow.
Key Facts About USMCA’s Impact on Wisconsin:
- Wisconsin exports nearly $11 billion to Canada and Mexico, and the state has a trade surplus with both countries
- More than 231,000 Wisconsin jobs are tied to trade with Canada and Mexico
- More than 44,000 manufacturing jobs are tied to trade with Canada and Mexico
- One out of every four manufacturers in Wisconsin rely on North American trade
- About half of Wisconsin’s $3.5 billion in agriculture exports – especially dairy – are exported to Canada and Mexico
“Trade is critical to Wisconsin’s economy, and the USMCA is critical to our state’s future,” added Bauer. “Thanks to President Trump’s signature today, we can continue to make and grow things in Wisconsin that we can sell in Canada and Mexico.”