With USMCA now in effect South Plains to benefit from ag, energy - FOX34 Lubbock

With USMCA now in effect South Plains to benefit from ag, energy trade expansion

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LUBBOCK, Texas -

It was a historical day for international trade. The U.S., Mexico and Canada celebrated the launch of their namesake trade agreement.

The USMCA is the spiritual successor to NAFTA. It's intended to facilitate fair and reciprocal trade between the three nations.

Lubbock Congressman Jodey Arrington says the ag and energy sectors will now reap the benefits of an "America first" trade deal.

John Osborne, with the Lubbock Economic Development Alliance, says it's a long-term win for our region.

Stacking it with the progress on the Ports to Plains corridor, this sets the South Plains up for rapid development.

However, it won't all be smooth sailing looking ahead. There are tensions brewing between the U.S. and Canada over the aluminum industry and the Trump Administration is concerned Mexico won't fully uphold its part on labor regulations.

Specifically, Mexico doesn't anticipate sending manufacturing jobs back to the U.S. That was one of President Trump's biggest pushes for this deal.

 

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