Trudeau sets out to sell Canadians on trade pact

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"Provisions in this new agreement raise [Intellectual Property] protections so that pre-existing IP owners, who are predominantly American, can entrench and extend their monopoly rights and rents for decades to come", he said in a statement.

"This a victory for Canada because that amount is actually well above what we now send south of the border".

The new deal was "terrific" for all three countries, he added.

"This trade pact will provide our farmers and ranchers with much needed export market certainty and will strengthen the relationship with two of our most important trading partners", said Sen. "As it relates to auto, we're in better shape than we've been in the last 24 years", Mr. Dias said.

"We are pleased that that the U.S., Mexico and Canada have been able to reach an agreement", MEMA said in an October 1 statement.

The government found support from Canada's chief negotiator of the original North American Free Trade Agreement, who said an unusual clause covering future free trade with "non-market" countries did not infringe Canadian sovereignty.

One surprise area where there has been no change is that U.S. tariffs on Canadian and Mexican steel and aluminium will remain for now, even though this was seen as a key barrier to a deal.

"We had to make compromises, and some were more hard than others", Trudeau said, promising full compensation to dairy farmers who might suffer.

The United Steelworkers of Canada union called the agreement a "sellout" for steel and aluminum workers.

The steel and aluminum tariffs will remain in place, Trump said, to bolster the American industries.

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Besides, he added, "Canada would not negotiate a deal that would threaten its access to the USA market".

Bruno Letendre, head of the association that represents Quebec's milk producers, said the concessions are the equivalent of 13 days fewer production for his members.

After Trump's news conference, "the only difference was that instead of seeing the glass half-full, I was seeing it half-empty", MacNaughton chuckled in an interview. "There's no doubt about that". Pierre Lampron, president of Dairy Farmers of Canada, said in a statement.

Keeping that provision, previously known as chapter 19 under NAFTA, was one of Canada's lines in the sand, though the USA initially wanted to eliminate it.

"At a minimum we haven't lost any ground". He simply dismisses any other perspective on trade put to him: "I don't want to hear that", Bob Woodward quotes him as responding to Gary Cohn, his short-lived director of the National Economic Council, in Woodward's new book, Fear: Trump in the White House.

In the USA, the ratification process will go through Congress. Trump likely has the votes in both chambers to get the deal through, and it appears that Minority Leader Chuck Schumer, D-N.Y., is on board.

"The markets are reacting positively and with relief but they're certainly not euphoric by any means".

Canadian consumers might see a little more choice in the dairy aisles under the new USMCA trade pact.

"We had a NAFTA deal that was working reasonably well so we will call it a win because we were able to retain the key parts of the existing NAFTA deal in terms of our access to the USA market". "In some ways it has been traumatic for many", Heyman said.

Vermont Sen. Bernie Sanders, an independent who sought the 2016 Democratic presidential nomination, said that while the plan included "some improvements that could be good for USA workers, it lacks enforcement mechanisms that are necessary for these policies to succeed". In 2016, Oklahoma did $1.394 billion worth of export business with Canada and about $537 million with Mexico.