Nafta's China Clause Is Latest Blow to Trudeau's Asia Ambitions

Nafta's China Clause Is Latest Blow to Trudeau's Asia Ambitions

The Washington Post said that, "Many business leaders and legal experts believed these updates were necessary given that the original agreement was negotiated 25 years ago". The Trump administration set a September 30 deadline for Canada to join the agreement, or tariffs would be placed on vehicles exported to the U.S.

"I have long contended that NAFTA was the worst trade deal the USA maybe ever made", Trump said in his speech.

USMCA will open up some of Canada's dairy market to USA farmers.

Gaunce says even after 38 years of being a dairy farmer, this deal is now making him rethink his lifestyle. "A shipment from the dairy plant in Garden City arrived in Kansas City to head to China and was canceled". Incredibly cheap and abundant American milk would undercut the Canadian market significantly, so Canada slaps tariffs on it to protect its own farmers.

More news: NY dairy farmers could benefit from new trade deal with Canada

Dairy: the United States received increased access to the Canadian dairy sector - roughly 3.6 per cent. In exchange for Canada giving the USA more access to the Canadian market, "the United States will provide reciprocal access on a ton-for-ton basis for imports of Canada dairy products", the US government acknowledged on its website.

"Our prime minister threw us under the bus by giving the Americans what they wanted", said Stan Van Keulen, a second-generation dairy farmer with 1,000 milking cows.

The deal also raised the percentage of automobiles that must be made in North America in order to enter the US duty-free and raised the bar for respect of USA intellectual property, Marshall said. In its place is the United States-Mexico-Canada Agreement (USMCA).

"We got a win-win-win for all three countries", Trudeau said. The new United States-Mexico-Canada Agreement indeed contains greater worker protections, a tradeoff that could mean higher costs. "This is a four-dimensional game of chess; it's not checkers". Trump had described Nafta as a bad deal for Americans and threatened to eliminate it as part of his "America First" agenda.

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The new trade agreement, Trump asserted, would usher in a new dawn for the country's auto industry and transform North America into a manufacturing powerhouse and allow the United States to reclaim the supply chain that went out off-shores.

Trump's primary objective in reworking NAFTA was to bring down United States trade deficits, a goal he has also pursued with China, by imposing hundreds of billions of dollars in tariffs on imported goods from the Asian giant.

As Gord Ritchie, Canada's former deputy negotiator in the previous free-trade agreement put it a few days ago, "Only a complete flaming idiot would blow up this (Canada-U.S.) relationship" to which he added Monday in a comment to CTV, "We could have had this deal a year ago if we had a more competent person in the White House".

"It's a good day for Canada", Prime Minister Justin Trudeau told reporters after a late-night cabinet meeting to discuss the agreement, which triggered a jump in global financial markets. For dairy farmers the concern is that the cost of milk has been exceeding what they sell it for. He covers USA politics and current affairs.

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New York's dairy farmers were among those foiled by Canada's Class 7 trade category, which stopped American products based in whey protein and dry milk products from entering the Canadian market.

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