WASHINGTON—Today, the United States-Mexico-Canada Agreement (USMCA) went into full effect. Heritage Foundation President Kay C. James offered the following response:
Now law of the land, the USMCA has opened a door to a brighter future for Americans everywhere. It puts families, businesses, workers, and farmers first by reducing prices on goods, increasing exports, and creating more and higher paying jobs.
The USMCA ushers in a new chapter of American trade –bringing 21st century modernizations to the most successful free trade zone in the world.
As we work toward recovery from the coronavirus, free and open trade will play a critical role in reinvigorating our economy once again.