WASHINGTON - The National Retail Federation issued the following statement from President and CEO Matthew Shay in response to the announcement that the administration and House leadership have agreed to hold a vote on the United States-Mexico-Canada Agreement.
“Retailers are very encouraged by this positive step forward to approve the USMCA, which will provide key updates to the landmark North American Free Trade Agreement and promote long-term economic growth. The USMCA takes many important steps to modernize the agreement to reflect today’s global and digital economy. This agreement could not come at a better time and provides certainty for U.S. retailers that rely on the North American market, including those that operate in Canada and Mexico. It also ensures American families can continue to have access to a wide range of high-quality products at prices they can afford. We applaud the leadership of both President Trump and House Speaker Nancy Pelosi for their commitment to reach a new and improved deal. We look forward to having this cross the finish line and continue the strong momentum in the consumer economy.”
About NRF
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $2.6 trillion to annual GDP and supporting one in four U.S. jobs — 42 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies.