Trump attacks anti-tariff 'babies,' touts US, Mexico, Canada trade deal

07 October, 2018, 02:15 | Author: Brooke Harris
  • Canadian dairy farmers criticize new trade pact with US

"That's something that really worries me", Mr. Moreau said in an interview on CNBC.

She said the amount and type of compensation will be worked out in coming months. The Trump administration's most contentious demands like its insistence that 50 percent of autos imports be American-made were dropped. The Trans-Pacific Partnership, negotiated by the Obama administration, included the three NAFTA partners - United States, Canada and Mexico - plus Japan and eight other Pacific Rim countries. He worked to represent USA farmers and US manufactures ensuring that they had an opportunity to feature their products in Korean stories helping create jobs back here at home.

She said the insertion of a minimum wage level for vehicle parts workers could lead to similar clauses in other trade deals: "If it turns out to be very politically popular in the U.S. it could [be used again]".

From a strategic standpoint, the agreement announced Sunday night will benefit America's dairy sector because it preserves the overall structure of the 24-year-old North American Free Trade Agreement (NAFTA).

"Which also makes sense". "It means far more American jobs, and these are high-quality jobs". "The government has said repeatedly that it values a strong and vibrant dairy sector - they have once again put that in jeopardy by giving away more concessions", he added.

Meredith Crowley, worldwide trade economist at the University of Cambridge, said the agreement on dairy appeared be a "cosmetic concession", suggesting Canada had done well out of the pact.

But Heyman said Trump's attacks against America's closet ally will cause lingering damage to the relationship.

He also praised keeping dispute resolution panels, an exemption for Canadian cultural industries which "prevent the United States from taking control of the media sector in Canada". Just six days ago he said he didn't think Canada was negotiating fairly. It would expand US access to up to 3.75 per cent of the Canadian dairy market, versus 3.25 per cent in the Trans-Pacific Partnership. Canada is by far the No. 1 destination for US exports, and the USA market accounts for 75 percent of what Canada sells overseas. "What we were not prepared to do was to change our system, because that's our business, not anybody else's".

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"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". "Without tariffs, we wouldn't be standing here", he said. And so the way to make that work is to have a set of rules, and have an independent place you can go to figure out who is in the right and who isn't. For example, Trudeau's government asked for a Chapter 19 review of recent USA tariffs on softwood lumber and Bombardier aircraft and Canada has been consistently successful arguing its case at these panels.

Dairy Farmers of Canada issued a terse statement soon after the agreement was announced late Sunday, following 14 months of hard negotiations between the parties.

Freeland also addressed a side letter that lays out automotive export restraints, rebuffing any suggestion that Canada is facing quotas.

Canada's efforts to formally start free trade talks with China stalled late past year and there are no plans for formal talks on the horizon.

There was also an agreement to protect 2.6 million exports a year of Canadian vehicles to the U.S. from possible United States tariffs of 25% that Mr Trump may impose.

United States president Donald Trumps says the agreement was "truly historic". "We don't like their representative very much".

While he did not mention Freeland by name, the comment was widely seen as a jab at Freeland.

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