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Alexander Statement on New Trade Agreement between United States, Mexico and Canada

Statement

Date: Oct. 1, 2018
Location: Washington, DC
Issues: Foreign Affairs Trade

United States Senator Lamar Alexander (R-Tenn.) today released the following statement after the Trump Administration announced a new trilateral trade agreement--the United States-Mexico-Canada Agreement.

"Updating NAFTA makes sense, but I want to make sure that it also means the end of steel and aluminum tariffs among the United States, Canada and Mexico. This is an opportunity to implement the President's zero tariff goal. NAFTA's zero tariff provisions have helped to nearly double the number of Tennessee auto jobs, which are one third of all our state's manufacturing jobs. The cars and trucks Nissan makes in Tennessee and Mississippi are 70 percent steel. The price of steel is up 40 percent since January because of tariffs. It doesn't take a math major to figure out what will happen to sales, revenues, profits and wages if we keep piling tariffs on top of tariffs."


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