Alberta dairy farmers anxious about USMCA

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"This is a terrific deal for all of us", Trump said in a victory speech in the White House Rose Garden where he was surrounded by several members of his Cabinet and his trade negotiators who had worked to achieve the United States-Mexico-Canada Agreement (USMCA).

Donald Trump says the new trade deal struck with Canada and Mexico is "the most important" ever agreed by the US.

Trump needed a win even when the United States wasn't really losing, as was the case with Canada, if not Mexico.

In Ottawa, Trudeau hailed the agreement as "profoundly beneficial for our economy, for Canadian families and for the middle class".

Prime Minister Justin Trudeau tried to calm anxious dairy farmers on Thursday, assuring them the government will find a way to compensate them for market losses under a proposed trade deal with the United States and Mexico.

The US appears to be willing to give up demands to drop independent dispute resolution panels if it can have greater access to the Canadian dairy market.

Terminating NAFTA outright, they wrote, "could potentially shrink the economy by up to 1.2 percent annually and reduce net US employment by as many as 3.6 million jobs, while forcing higher costs on working families".

The so-called U.S. -Mexico-Canada Agreement (USMCA) will widen foreign access to the domestic dairy market by about 3.6 per cent, according to analysts, higher than the 3.25 per cent that was conceded by Canada under the Trans-Pacific Partnership (TPP). "Our companies won't be leaving the United States, firing their workers and building their cars elsewhere".

A 37-year-old real estate tycoon married to Trump's daughter Ivanka, Kushner has the trust of his father-in-law, and crucially, is close to Lighthizer, a Canadian source with knowledge of the talks said.

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Nafta required automakers to produce 62.5 per cent of a vehicle's content in North America to qualify for zero tariffs.

Hall Findlay said the Class 7 concessions, combined with wider access to the dairy market for USA firms, will restrict the ability of Canadian firms to compete globally.

"The US has influence over Canada and Mexico, and China can't change that", Wang said.

Wang Heng, co-director of UNSW Law's China International Business and Economic Law initiative in Sydney, said it was more about China wanting to "cool down" its comments to avoid worsening the trade war with the US.

Canada and the United States have agreed a basis for the revised North American Free Trade Agreement (NAFTA), reaching a compromise in late-night talks on Sunday after months of stand-off. The United States and Mexico had already clinched a bilateral agreement in August.

The new agreement ends the discriminatory pricing and restricts Canadian exports of dairy powders. Canada exports more parts than completed vehicles to the US, although Fiat Chrysler Automobiles, Ford, General Motors, Honda, and Toyota have large vehicle assembly plants in Ontario. -.South Korea trade agreement, the concessions wrought from those weenies in the European Union, and his tariffs on China, and tell his supporters that America is once again being put first.

"This deadline was real", according to a senior US official.

The agreement is still awaiting ratification in all three countries, but for consumers in B.C. we'll soon see some changes to where we can buy USA wine, in USA dairy-product selection and duty-free limits.

"I just don't think it gets wiped away and resolved with an agreement in principle on the trade agreement". "It's not imminent, but this is a very elegant way of dealing with that", Scissors said in an interview with Reuters. But Trump and other critics said it encouraged manufacturers to move south of the border to take advantage of low-wage Mexican wages, costing American jobs.