Donald Trump today signed the United States-Mexico-Canada Agreement (USMCA) agreement, officially implementing the legislation.
Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), attended the signing at the White House and issued the following statement:
“USMCA will help create jobs and foster investment in manufacturing, including strengthening our steel industry supply chains with key customers by incentivizing the use of North American steel in manufactured goods. In addition, USMCA promotes increased cooperation and information sharing among the North American government to address circumvention and evasion of trade remedy orders. This will enhance the ability of our three countries to continue to work together to address the surges of dumped and subsidized steel imports that have plagued the North American steel market. These are all tremendous positive developments for the steel industry, and I am honored to be part of this historic signing today.”
Gibson noted that nearly 90 percent of US steel mill product exports go to Canada and Mexico.