The Household & Commercial Products Association (HCPA) released the following statement today, attributed to Steve Caldeira, President and CEO of HCPA, after the U.S. Senate passed the U.S.-Mexico-Canada Agreement (USMCA) in a vote of 89-10. USMCA will replace the North American Free Trade Agreement (NAFTA), and is expected to increase U.S. GDP by $68.2 billion and create approximately 176,000 new jobs.
“It’s encouraging that USMCA was passed in a truly bipartisan manner in the Senate just one day after President Trump signed Phase One of a trade agreement with China. The passage of USMCA will ensure that we will continue to have reliable trade between our most important trading partners and closest neighbors.
The household and commercial products industry contributes $180 billion annually to the economy and supports 200,000 direct jobs by manufacturing products that keep American homes and workplaces clean. Both USMCA and the trade agreement with China are victories that will increase trading opportunities for manufacturers and further reduce barriers to international trade.”