Report: USMCA Trade Deal Could Cost Georgia Farmers Millions
Last week, Mexico became the first country to ratify the United States-Mexico-Canada Agreement, or USMCA. Canada is expected to follow suit in short course.
In The United States, however, not all American lawmakers are convinced the USMCA would be a better deal than the North American Free Trade Agreement, or NAFTA. Democrats have threatened to block it, and a few key Republicans are withholding support unless the administration makes some concessions on tariffs.
They aren't the only critics. A group of University of Georgia professors projects the state's agriculture industry stands to lose nearly $900 million if USMCA is adopted. UGA Agricultural and Applied Economics professor Jeffrey Dorfman co-authored the report and joined On Second Thought from WUGA in Athens.
Get in touch with us.