Trade representatives from the U.S., Canada, and Mexico began the new round of North American Free Trade Agreement negotiations on Sunday in Mexico City, as the U.S. economy continues to enjoy low unemployment and increased consumer confidence. Major U.S. business interests, however, including the railroad and rail manufacturing companies we represent, are gravely concerned about the negative impact on the economy if efforts to renegotiate the 24-year-old NAFTA agreement fail.

Simply put, a NAFTA-less economy would directly undermine the business gains already realized through pro-growth tax reform, which our customers are using to expand operations, investments, and employment.