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NCC lauds Trump to advance USMCA approval

21
May '19
NCC lauds Trump to advance USMCA approval
The National Cotton Council (NCC) has commended the US president Donald Trump and his administration for the recent outcome of negotiations with Mexico and Canada to remove the US section 232 tariffs and the corresponding retaliatory tariffs. The United States-Mexico-Canada Agreement (USMCA), the revised version of the NAFTA, was signed recently.

"While cotton and cotton textile products have not been subject to retaliatory tariffs in these key markets, this action represents one of the necessary and significant steps to create a pathway for Congressional approval of the USMCA this year," NCC chairman Mike Tate said. "The cotton industry appreciates the focus by President Trump and the Administration to remove the tariffs."

The Alabama cotton producer noted that the NCC will continue to help educate members of Congress on the importance of timely USMCA approval to restore certainty in the North American market, which represents significant export market share for both US cotton and cotton textile products. (RR)

Fibre2Fashion News Desk – India


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