During a Ways & Means Committee hearing with U.S. Trade Representative Robert Lighthizer this week, South Dakota Congresswoman Kristi Noem raised concerns about the sunset provisions being debated in the NAFTA renegotiations. She says farmers are losing money now
If implemented, that provision would require each country to renew its commitment to the deal every five years, potentially creating high-levels of uncertainty for ag producers. Litghthizer disagreed with Noem
Noem says that uncertainty has a direct impact on prices
Noem says 73 percent of commodities grown in South Dakota are exported to either Mexico or Canada, and that trade deals, meant to foster trust, are unreliable when saddled with arbitrary expiration dates.
(WNAX)