WASHINGTON (KEYC) — President Donald Trump signed the USMCA trade agreement Wednesday. The revised NAFTA agreement opens doors to Canada and Mexico, who are staple trading partners for not only the nation as a whole, but for southern Minnesota as well.
“This agreement is a tremendous breakthrough for American agriculture. Canada will finally provide greater access for American dairy. Canada is opening up. It will grow annual exports to our neighbors by an estimated $315 million,” President Donald Trump said.
The USMCA agreement replaces the 26-year-old North American Free Trade Agreement (NAFTA), bringing the United States, Mexico and Canada up to speed on current markets and looking to benefit multiple industries in southern Minnesota.