Tuesday, May 22, 2018

NAFTA and tarriffs
There is growing concern in Congress regarding recent moves by the Trump administration to add tariffs and to throw out the North American Free Trade Agreement or NAFTA. Now Tennessee US Senator Republican Lamar Alexander has joined with 31 other senators to warn the administration not to do away with the agreement. The lawmakers want the White House to work closely with Congress as he seeks to renegotiate the pact and warned against giving Congress an ultimatum on changing NAFTA. Senator Alexander said: “Changes to NAFTA could make it more expensive to build cars in Tennessee, threatening thousands of jobs in 88 counties, and make it harder for businesses and farmers to export their products. I will continue to tell the president that NAFTA has been good for Tennessee, and I look forward to working with the administration to help make sure that changes to NAFTA do not hurt workers or consumers.” Last year, Tennessee businesses exported $33.2 billion of goods ranging from cars, to medical devices and agricultural products. According to the Tennessee Department of Economic and Community Development, 967 foreign-based businesses employ more than 147,000 Tennesseans. Auto related manufacturing, which is the state’s largest export, accounts for one third of Tennessee’s manufacturing jobs and can be found in 88 of Tennessee’s 95 counties.


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