The Steel Manufacturers Association (SMA) comments on the U.S. – Mexico – Canada Agreement (USMCA) following President Trump’s State of the Union Address
Washington, D.C. – President Trump called on Congress to prioritize the passage of the U.S. – Mexico – Canada Agreement (USMCA) during last night’s SOTU address. Stating the positive impact on the lives of all Americans, the President presented Congress with a fundamental need to pass this trilateral trade deal supporting the North American region.
“SMA strongly supports the USMCA. This landmark agreement, representing 21st century values, will modernize trade rules throughout North America. The passage of USMCA will be good for the economy, American steel producers and American workers,” said SMA President, Philip K. Bell.
The USMCA has been negotiated to include updates to the previous North American Free Trade Agreement that will impose strong rules of origin content requirements and labor and environmental protections. Congress should approve the USMCA to help the President fight for American workers, farmers, businesses and continue his work to secure better deals in future trade agreements for the American people.
About the SMA: SMA is the largest steel industry trade association in the United States primarily representing North American Electric Arc Furnace (EAF) steel producers. EAF steelmakers account for almost 70 percent of domestic steelmaking capacity. SMA’s 27 producer members and over 100 associate members have operations in 43 states and 105 congressional districts.
EAF steel production process is less energy intensive and has a lower carbon footprint than blast furnace steel production. More steel is recycled than aluminum, paper, and plastic combined. For more information check out our website at www.steelnet.org or our Facebook page.