The U.S. and Chinese trade delegations signed the first phase of trade agreements on January 15th which will enact limitations on technology transfers and intellectual property infringements that have put American companies at an unfair disadvantage in global markets for years. While this is far from the final word on the U.S. and China “trade war,” it is a ‘cease-fire’ and substantial turning point for American manufacturers and tech firms. Read more HERE.
Likewise and closer to home, the U.S Senate passed the USMCA (U.S. Mexican Canadian Agreement) on January 15. This agreement replaces the North American Free Trade Agreement and is important to thousands of New Mexico jobs and over $2 billion in trade between our state, Canada and Mexico. Due to NMBC’s relationship with Washington, D.C. and the National Association of Manufacturing (NAM), we were the first and strongest voice in N.M. to support the USMCA to help boost manufacturing and business opportunities here. Both Senator Udall and Senator Heinrich voted to approve the USMCA. Read more HERE.
*UPDATED* NMBC president and founder Carla Sonntag has been invited by White House officials to attend the signing of the USMCA into law. We will post further updates as they are made available to us.