Nebraska Cattlemen applaud the passage of USMCA out of the U.S. House of Representatives
Trade agreements like the U.S. Mexica Canada Trade Agreement (USMCA) are critical to Nebraska’s economy. As the state’s number one industry, beef cattle production had a $13.8 billion economic impact in Nebraska in 2018. USMCA keeps the highly successful framework for U.S. beef trade in place with our closest trading partners and brings much needed certainty to farmers, ranchers and rural communities after a challenging year. USMCA updates the North American Free Trade Agreement (NAFTA) to reflect our modern economy, while preserving duty-free, unrestricted access for U.S. Beef exports to Canada and Mexico – worth roughly $1.8 billion.
“Nebraska Cattlemen applauds the passage of USMCA out of the U.S. House of Representatives. Nebraska leads the nation in commercial red meat production and depends on reliable, unrestricted access to our two closest trading partners, which totaled over $250 million worth of beef exports from Nebraska last year. We commend the leadership of our elected officials in this effort.” – Ken Herz, President – Nebraska Cattlemen
After House passage, USMCA will be referred to the Senate Finance Committee before it is brought before the full Senate for a straight up or down vote, without amendments. Following passage by the Senate, it will then be signed into law by President Trump and an implementation date will be set. Continued timely action on USMCA is critical, all action must happen within 90 congressional days of initial House action.