On April 9, Associated Equipment Distributors (AED) delivered a letter to congressional leadership expressing support for the United States-Mexico-Canada Agreement (USMCA) and urging lawmakers to expeditiously consider and ratify the accord between the United States’ closest trading partners.
“As a U.S.-based organization with companies operating in the United States, Canada and Mexico, AED’s members are uniquely impacted by the trade uncertainty in North America,” said AED’s President & CEO Brian P. McGuire. “The USMCA modernizes and strengthens the trade ties between the three countries, which will boost economic growth and job creation here in the United States.”
The letter highlighted that while the U.S. construction equipment industry has experienced a period of economic expansion, trade uncertainty is a top concern for equipment dealers. “For American construction equipment companies to remain competitive in the global market, we need strong international agreements, such as USMCA,” wrote McGuire. “The USMCA will help restore predictability to North American trade markets, while limiting disruptions to the construction equipment supply chain that causes delays in product delivery and increased costs for equipment purchasers.”