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What Could The New USMCA Trade Deal Mean For Texas?

Photo by Craig Adderley from Pexels CC0: http://bit.ly/2Skf12i

Mexico and Canada are Texas’ biggest trading partners, accounting for $230 billion in 2018. After more than a year of talks, a new trade deal between the two countries and the United States could soon go into effect, pending Senate approval.

The United States-Mexico-Canada Agreement, which would replace the 25-year-old North American Free Trade Agreement, has received largely bipartisan support from Congressional Republicans and Democrats.

The House passed it in an overwhelming vote of 385-41. Now the USMCA, or "NAFTA 2.0," heads to the Senate for ratification anticipated to happen early next year.

What is included in the new trade agreement? How does the USMCA differ from NAFTA? What issues had to be ironed out in negotiations between the three countries? Were concessions made?
How could the USMCA affect Texas businesses and the state's overall economy? Which industries stand to benefit most? What comes next for trade between these North American countries?

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*This interview was recorded on Monday, December 23.

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Kim Johnson is the producer for Texas Public Radio’s live, call-in show The Source. She is a Trinity University alum with bachelor’s degrees in Communication and Spanish, and a Master of Arts Degree from the School of Journalism at the University of Texas at Austin.
Dallas Williams is a Producer for The Source at Texas Public Radio. With a degree in Mass Communication — Broadcast Media, Dallas brings a unique perspective and a passion to producing a live, call-talk show.