CHICAGO, May 17, 2019-Archer Daniels Midland Company (NYSE: ADM) today issued the following statement:
'We applaud today's announcement of an agreement by the United States, Mexico, and Canada to lift trade tariffs associated with the 232 case on steel and aluminum, and we thank Ambassador Lighthizer and the Administration for their leadership on this critical issue. This agreement represents a key step toward approval and ratification of the U.S-Mexico-Canada Agreement (USMCA), which will greatly benefit American farmers, ranchers, and agribusiness. ADM strongly supports the USMCA and is hopeful for expeditious passage by Congress.
'This agreement will not only set the table to approve the USMCA in all three legislatures, it will also enhance access to customer markets in Canada and Mexico-benefiting America's farmers, ranchers and food manufacturers, and supporting job creation and economic growth in our rural communities.
'As a strong supporter of trade policies that help ensure food and agricultural products safely and efficiently meet consumer demand around the world, we appreciate the hard work that went into this agreement, and look forward to continuing to work with policymakers on this and other trade issues for the benefit of American agriculture.'
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we're one of the world's largest agricultural processors and food ingredient providers, with approximately 40,000 employees serving customers in nearly 200 countries. With a global value chain that includes approximately 450 crop procurement locations, more than 330 food and feed ingredient manufacturing facilities, 62 innovation centers and the world's premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.
Archer Daniels Midland Company