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USMCA Passage is Critical for New York Manufacturers and Workers

Post: Apr. 17, 2019

From The National Association of Manufacturers (NAM)

Trade is important for New York, helping New Yorkers sell more of what they make to more customers around the world. More sales equal more well-paying jobs and a stronger economy across the state. New York’s ability to sell more American-made products to Canada and Mexico is tied directly to tariff-free and rules-based trade in North America. 

New York Without the U.S.–Mexico–Canada Trade Agreement: Less Manufacturing and Fewer Jobs
Without tariff-free trade across North America secured by a strong trade agreement, New York’s manufactured goods exports to Canada and Mexico could face a minimum of $192 million to $1.5 billion in extra taxes (compared to zero tariffs today). As a result, many of New York’s manufacturers and the workers and communities they support would lose sales as competitors from Europe and Asia continue to enjoy zero tariffs. The result would be less manufacturing production and fewer well-paying American jobs in New York and throughout the United States.

Find out more with this fact sheet from NAM.