Small biz groups push Dems to wrap up trade deal negotiations

Small biz groups push Dems to wrap up trade deal negotiations
© Greg Nash

A coalition of small business groups wrote a letter this week calling on Democrats in Congress to approve President TrumpDonald John TrumpGOP divided over impeachment trial strategy Official testifies that Bolton had 'one-on-one meeting' with Trump over Ukraine aid Louisiana governor wins re-election MORE's trade deal to replace the North American Free Trade Agreement (NAFTA).

The letter, addressed to House Ways and Means Committee Chairman Richard NealRichard Edmund NealKrystal Ball accuses Democrats of having 'zero moral authority' amid impeachment inquiry House Democrats object to giving Trump notice before seeking NY tax returns On The Money: Trump appeals to Supreme Court to keep tax returns from NY prosecutors | Pelosi says deal on new NAFTA 'imminent' | Mnuchin downplays shutdown threat | Trump hits Fed after Walmart boasts strong earnings MORE (D-Mass.), said that 84 percent of small business managers support passage of the the United States-Mexico-Canada Agreement (USMCA) in its current form, citing a recent Morning Consult FedEx Trade Index poll. 

“We could not agree more,” the groups wrote in the letter, which was sent on Thursday.

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They added, “Nearly three quarters of American small businesses expect that expanding their international trade opportunities would increase job growth. Passage of USMCA will bolster small business exports to Canada and Mexico, America’s top trading partners, increasing revenues and maintaining U.S. leadership as a global economic powerhouse.”

The letter was signed by the Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship, Latino Coalition, National Small Business Association, Small Business and Entrepreneurship Council, Small Business Exporters Association and the U.S. Black Chambers Inc. 

“NAFTA provided increased business opportunities to businesses both large and small, but USMCA is an even better trade deal for the 30.2 million small businesses that drive the American economy forward,” the groups wrote in the letter.

The administration and the Democratic-controlled House are negotiating on changes to USMCA in hopes of a vote before the end of the year.