President Trump announced a trade agreement between the U.S. and Mexico that would change parts of the North American Free Trade Act. Negotiations between the two countries are something farmers and those in the agriculture industry have been keeping an eye on. They say today is a step in the right direction but there are still many unknowns.
“It’s a big day for trade it’s a big day for our country,” said President Trump during a celebratory during a phone call between between him and Mexican President Enrique Peña Nieto. This is after reaching an agreement to change parts of NAFTA the trade deal President Trump deemed unfair.
“Mexico has agreed to buy as much foreign product as possible if they can they are going to work on that really hard,” he said.
A group anticipating this agreement — farmers.
“This is something very special for our manufacturers and farmers for all who work for jobs its great trade it makes it a very fair bill,” said President Trump.
George Radanovich is President of the California Fresh Fruit Association. He said this is great for the industry because Mexico is such a large consumer of California’s fruits and vegetables.
“Pleasantly surprised and relieved happy there was movement on the issue that they kind of broke through a long impasse and that was good news for agriculture. 80% percent of the fruits and nuts and veggies for the nation are grown right here in the valley it tells you how important it is right here in the us but how important it is for the valley to have markets to sell the food they produce,” he said.
However, they’re not celebrating yet, te agreement is not officially signed and they are worried about the retaliatory tariffs.
“We are glad it’s working the way it is, but it is the retaliatory tariffs from china and the trade war with steel and aluminum in China that’s what effected the markets more than the NAFTA debate,” he said.
President Trump said negotiations with Canada are in the works. NAFTA is still in effect until the new agreement between Mexico and the U.S. is signed.