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News & Insights

USMCA is Critical to American Competitiveness

July 1, 2026


WASHINGTON, D.C. – National Foreign Trade Council (NFTC) Senior Director for Trade and Innovation Brad Wood today issued the following statement, on the date of the first United States-Mexico-Canada Agreement (USMCA) Joint Review:

“The integrated North American marketplace created by USMCA is the bedrock of U.S. competitiveness, delivering affordable domestic manufacturing and enabling American firms to compete and win in global markets.

“As negotiations continue beyond today’s formal review date, the NFTC urges all three governments to work trilaterally to address the remaining barriers and prioritize renewal of the agreement to restore the stability, predictability, and rules-based framework that the USMCA provides to U.S. businesses, workers, and consumers.”

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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade, tax, national security, and supply chain policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses, who account for over $6 trillion in revenue and employ nearly 6 million people in the United States.

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