Tuesday, 20 November, 2018

Trump Clears Deck for China Trade War With New Nafta Deal

So Much Winning We Have A New NAFTA Deal Trump: Trade deal returns US to ‘manufacturing powerhouse’
Scott Davis | 05 October, 2018, 13:15

He said the new deal was "much more reciprocal" than Nafta, which he described as "perhaps the worst trade deal ever made".

Freeland said compensation for farmers is "justified" because the deal, known as the United States-Mexico-Canada Agreement (USMCA), gives the us access to Canada's dairy market.

"Many Canadians were anxious we wouldn't get a deal, but today, numerous same Canadians are anxious about what we have given up to get this deal", said NDP International Trade Critic Tracey Ramsey.

"We got the right deal".

"Today, the message sent to our passionate, proud and quality-conscious farmers and all the people who work in the dairy sector is clear: they are nothing more than a bargaining chip to satisfy President Trump", added Lampron. Instead it stuck to requests for more information.

If the new agreement is approved, USA farmers will be allowed to sell a bigger quantity of their dairy products in Canada, up to 3.6 per cent of the Canadian dairy market, before those prohibitive tariff rates kick in.

In her response, Freeland issued a strong defence of the USMCA, noting that she, Wilson and Ford discussed "many of the issues" in his letter at their meeting in Washington last month.

"Calling the new accord "truly historic news for our nation - and indeed, for the world", the USA leader said he hoped to sign it by the end of November".

The foundation has long called for the scrapping of Canada's supply managed dairy industry, which effectively controls markets through production quotas, fixed pricing and heavy tariffs on imports ranging between 246 and 300 per cent.




"Our government will continue to vigorously defend and advance Ontario's economic interests", Ford said. "It's a major hit to the industry".

What compensation will be awarded to those affected, and how will it be administered?

Canada originally pulled away from negotiations but reached an agreement leading up to a midnight deadline Sunday.

The new deal covered trade between the three countries worth $1.2bn and was "truly historic", he said. 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. Here on Vancouver Island, there are about 40 dairy farms and there are fears in the wake of USCMA, some will be at risk of closing.

Aylard, herd manager at the family's fourth-generation Brackenhurst Farm in North Saanich, said Island dairy farmers are concerned to the point where they might hesitate to invest in the future.

Under the USMCA, the United States will have access to 3.59 per cent of the Canadian dairy market, compared to 3.25 per cent that will be shared among all 11 CPTPP countries.

Canada's dairy market: The USMCA gives the US more access to Canada's dairy market than what was allowed under NAFTA.

Trump said the accord would return the United States to a "manufacturing powerhouse".

In a release from the Dairy Farmers across Canada, they say they are deeply disappointed over the news of the concessions made on the dairy sector to conclude the new USMCA agreement.

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