According to the United States Census Bureau, New Mexico exports approximately $3.6 billion worth of goods every year, including $1.6 billion to Mexico and $1.0 billion to China. These goods include everything from computer processors and accessories to our world famous chili. Exports are an integral part of the New Mexico economy, supporting approximately 15,000 jobs in our state.
On May 18th, 2017, President Trump gave Congress official notice of his intent to renegotiate the North American Free Trade Agreement (NAFTA). On January 23rd, I signed onto a letter to United States Trade Representative Robert Lighthizer saying that a renegotiation of NAFTA must address Mexico’s suppression of wages and lack of labor rights, which continue to lead to outsourcing of U.S. jobs and low wage growth. On March 8th, President Trump authorized tariffs of 25% on imported steel and 10% on imported aluminum.
Boosting our economy through trade while protecting American workers has been a top priority of mine as a member of Congress. I will continue to support initiatives like the Export-Import Bank that help small and medium-sized businesses compete in the global economy. I will do everything I can to help New Mexico’s economy and will keep your thoughts in mind.