Trade

Our national and global economy rely on the efficacy of supply chains. Supply chains are found in every industry, sector, and market, and include all actors involved in creating and bringing a product from start to finish. Farmers and ranchers, manufacturing facilities, retail, and the transportation in between, are all critical to the success of this multi-pronged system. Over the course of the last year we have seen just how much we as consumers have taken for granted supply chains and the logistics behind them.

When I speak with the farmers, ranchers, manufacturers, and other businesses in the Third District, a common theme is the importance of trade to our state's economic success. This week, the Ways and Means Committee held our annual hearing on the administration's trade policy agenda, where members of the committee had their first opportunity to hear from and question Ambassador Katherine Tai, our recently confirmed United States Trade Representative (USTR).

Over the last four years, we have seen our trade relationships and trade agreements updated at record rates. Now with Ambassador Katherine Tai, who most recently served on the staff of the House Ways and Means Committee, sworn in as the new United States Trade Representative, it is time to hit the ground running and pick up where the previous administration left off by leveling the playing field with our trade partners, improving market access for U.S. goods, and finalizing pending free trade agreements.

Over the last four years, we have updated our trade relationships and trade agreements at a historic pace. We secured updated comprehensive trade agreements with Canada, Mexico, and South Korea; entered into Phase One agreements with China and Japan that address many significant impediments to U.S. exporters in these major markets; and achieved important progress to remove trade barriers faced by particular sectors in several other countries. Together, these nations purchase almost 50 percent of the United States' current exports.

Expanding trade opportunities by opening more markets for U.S. ag producers, manufacturers, and service providers is one of the best ways to strengthen our economy and provide stability for producers and consumers. Finding new trading partners while strengthening existing relationships with allies like Japan, is of the utmost importance. The market access we gained in Phase One of the U.S.-Japan Trade Agreement, which President Trump signed last year, was significant and we should not squander the opportunity to complete the deal.

There is no doubt Nebraska is an agricultural powerhouse. In 2019, despite our small size in population, Nebraska was the sixth largest agriculture exporter in the nation. Our state's agriculture has a real impact on our nation and beyond. It should come as no surprise the Chief Agriculture Negotiator at the Office of the U.S. Trade Representative, Ambassador Gregg Doud, had an interest in seeing the remarkable process of agriculture up close.