The committee will come to order. We welcome our witnesses. Were here to have testimony from a range of industries to tell us about the importance of the United Statesmexicocanada agreement, and we soon are referring that to always as usmca. We look forward to hearing from our witnesses about the significance of the agreement to american businesses, both small and large, the workers, the farmers that we all represent. Thank you for being here. Mexico and canada are our countrys most important trading partners. According to the International Trade commission for the year 2017, more than onethird of americas merchandise exports went to mexico and canada. In that year mexico and canada imported more than half a trillion dollars of American Goods plus more than 91 billion of american services. For iowa our six and sixtenths billion of exports to canada supported 130,000 jobs. The foundation of our strong trading relationship with mexico and canada have been, thus far, nafta. The United Sta
The Committee Welcomes order. Witnesses. Me the we are here to have testimony from a range of industries that tell us about the importance of the United States, mexico, Canada Agreement and we prefer that to usmca. Fromok forward to hearing witnesses about the significance of the agreement to American Business both small and large, the workers and farmers we all represent. Thank you for being here. Canada, and mexico, our countrys most important trading partners. Americasone third of merchandising went to mexico and canada. Nearly half 1 trillion in American Goods the year. The foundation of our strong praise relationship with mexico and canada has been thus far nafta. The United States negotiated and agreement between 1990 1993 and at the time it was a Gold Standard of trade agreements. It enabled American Businesses, workers, farmers and ranchers is andanges without tariffs nontariff barriers and for decades, burdened our ability to compete in those two countries. Andourse, the u. S.
More relevant than others. On television and online, cspan is your unfillerred view of unfiltered view of government so you can make up your own mind. Brought to you as a Public Service by your cable or satellite provider. Now, the Senate Finance Committee Examines the u. S. Mexicocanada trade agreement. Former agriculture secretary tom vilsack, along with a panel of trade and industry representatives, testified on how the usmca could impact the average american as well as how it differs from the 1994 north American Free trade agreement. Meeting will come to order. We welcome our witnesses. Were here to have testimony from a range of industries to tell us about the importance of the United Statesmexicocanada agreement, and we soon are referring that to always as usmca. We look forward to hearing from our witnesses about the significance of the agreement to american businesses, both small and large, the workers, the farmers that we all represent. Thank you for being here. Mexico and can
Also in the programme, the latest from the paris airshow were there live and find out what the Aviation Industry is doing to address sustainability. And for markets in europe, you can see they are all heading lower. In europe we are keeping an eye on sterling with another secret ballot on the nominations to become the leader of the conservative party. And Home Sweet Home well be getting the inside track on financing your first home. Well talk to one of a new breed of firms promising to make getting a home loan quicker and slicker. Today we want to know your views on bad fashion, as ministers reject proposals to clean up the huge Environmental Impact of fast fashion and improve conditions for its workers. Let us know just use the hashtag bbcbizlive hello and welcome to business live. Do get in touch we will share your comments later. Facebook has become part of our lives ourfriends, our photos and diaries. Now, the tech giant wants to get inside your wallets. Today, its expected to laun
Warren buffett and Berkshire Hathaway in a big way. And later in the show, a live stream update on the musk and zuckerberg cage match. It is monday, august 7th you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets get you ready for the day. We kick it off with the u. S. Stock futures. Green across the board nasdaq doing the best up. 30 . At this hour, the dow would open up 70 points higher. This is after the poor showing last week with the s p and nasdaq coming off four Straight Days of losses and the worst week since march 10th. You see the nasdaq down 3 s p almost by 2. 5 it was rough for the tech sector the sector coming off three Straight Days of losses. The sharp decline down 1. 5 . Excuse me. 4. 25 . The fitch downgrade is playing a factor it was dragged down by apple which had its worst week since 2023 we had a very busy week for fixed income and new longterm issuance yields here with the 10year treasury at 4. 09 yiel