No Tariffs, but local leaders say more needs to be done to shore up trade

There will not be a tariff on Mexican goods like President Trump had planned for today, but local trade leaders say they're not out of the woods, News Radio 1200 WOAI reports.

Eddie Aldrete, who heads the Texas-Mexico trade Coalition, says the very threat of tariffs in the future has created a sense of uncertainty.

"And, in uncertainty, foreign investment has the potential to freeze," he says. "That means new companies, new jobs and new paychecks in San Antonio and in Texas are on hold."

He's part of a group of local and state leaders who are now urging Congress to pass an updated version of the North American Free Trade Agreement to give a sense of stability.

Standing in the spot where NAFTA was signed, he says the trade deal has been an unquestioned success for San Antonio. Before it was ratified, the unemployment rate was around seven percent.

"The unemployment rate in San Antonio is less than half of that today, and a lot of that has to do with the success of NAFTA."

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