USMCA.jpg

FOR IMMEDIATE RELEASE
July 1, 2020
CONTACT: Rep. Jim Steineke (608) 266-2401

Steineke: USMCA Trade Deal a Win for Wisconsin

 

MADISON – Assembly Majority Leader Jim Steineke (R-Kaukauna) released the following statement today recognizing the United State-Mexico-Canada Trade Agreement (USMCA) as it goes into effect on July 1:

“With $10.5 billion worth of goods being exported to Mexico and Canada each year, the USMCA is a big win for Wisconsin businesses, manufacturers, and farmers. Today marks a significant milestone as we work to modernize the way we trade as a country and look for ways to level the playing field with our neighbors.”

###

 

USMCA and Wisconsin’s Economy

According to the United States Treasury, in 2018, Wisconsin exported $7 billion in goods to Canada as well as an additional $3.5 billion worth of goods to Mexico. According to the latest data, Wisconsin’s top exports to Mexico and Canada include:

  • Machinery -- $1.9 Billion
  • Processed Foods -- $1.1 Billion
  • Transportation Equipment -- $1.1 Billion
  • Electrical Equipment, Appliances, & Components -- $982.6 Million
  • Chemicals -- $747.4 Million
  • Paper -- $721 Million

 

USMCA and Wisconsin’s Economy

  • November 30, 2018 – Initially Signed by the United States, Mexico, & Canada

  • December 10, 2019 – Final Agreement Signed by the United States, Mexico, & Canada

  • December 19, 2019 – U.S. House of Representatives Passes USMCA 385 to 41

  • January 16, 2020 – U.S. Senate Passes USMCA 89 to 10

  • January 29, 2020 – United States Ratifies USMCA

  • March 13, 2020 – Canada Ratifies USMCA

  • April 3, 2020 – Mexico Ratifies USMCA

  • July 1, 2020 – USMCA Entry Into Force