Illinois Fertilizer & Chemical Association
Supply · Service · Stewardship

How Will the New USMCA Trade Deal Affect Agriculture?

For many years, the countries of North America have conducted their trade using the North American Free Trade Agreement (NAFTA) as their guide. Late last year, however, President Donald Trump nixed this deal in favor of a new one – the U.S., Mexico, Canada Agreement (USMCA). This agreement was initially signed by all three countries back on November 30, 2018. Now, according to V.M. (Jim) DeLisi, Chief of Fanwood Chemical Inc., it rests with the various legislative bodies in each country to finalize the terms of this deal.
“Some people say that [USMCA] is NAFTA 2.0,” DeLisi said, speaking at the 14th annual AgriBusiness Global Trade Summit in Atlantic City, NJ, on July 30. “But it’s a lot more than that.”
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