Trade deal with Canada 'new dawn' for auto industry

Trump: Trade deal returns US to ‘manufacturing powerhouse’

And if you think "triumph" is too strong a word for what Trump managed to accomplish with the new USMCA agreement (what, was Trumpta taken?), you clearly haven't met this president.

As much as everyone might say they want a Love Actually moment in which Trudeau tells the ignorant and arrogant Trump to get stuffed, it's not in the country's best interests, something Trudeau and the rest of his Cabinet recognize.

Ratifying the deal is likely to stretch into 2019 because once Trump and the leaders from Canada and Mexico sign the agreement, the administration and congressional leaders will need to write legislation to implement the deal and win passage in Congress. He says that while he's optimistic the United States-Mexico-Canada Agreement will create opportunities, he's anxious about the impact on Ontario's agriculture sector.

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

Canada's farmers say that a government pledge to cover dairy losses from a new trade deal struck with the US will probably fall short of what they need.

Daniel Ujczo, a trade attorney with the Dickinson Wright law firm, said Canada and Mexico also must give the USA notice before starting those trade discussions and updates of all proposals made during the negotiations.

The Trump administration hopes to have the deal signed by Mexican President Enrique Peña Nieto's last full day in office, November 30. This will let him turn his sights away from steadfast USA allies and towards significant rule-breakers like China. Trump withdrew the United States from the pact on his third day in office.

Dairy groups in Washington state are encouraged by the Trump administration's new North American trade deal announced Monday and what they see as its potential to create additional market access for dairy farmers. The same could be true of another provision, requiring at least 40 per cent of a car's content to be built where workers earn $16 an hour.




Global Times - the nationalist tabloid backed by People's Daily that has been vocal on the USA position in the trade war - stayed silent on the USMCA deal, while most major internet portals, which have been pressured by censors to toe the party line in covering the trade war, were also quiet about its implications for China.

It grants USA milk producers access to 3.6 per cent of the Canadian domestic market.

"For those babies out there who keep talking about tariffs", this deal would not have happened without tariffs, Trump told reporters during a almost 80-minute event in the White House Rose Garden.

But it was Kushner's close relationship with Telford that sources are crediting with getting the USA and Canada to this breakthrough.

"It's disappointing for sure, because the Canadian government was saying we wouldn't lose any more of our market", said Mickey Aylard, president of the Vancouver Island Milk Producers' organization.

The new agreement means that most of NAFTA-along with the majority of its benefits- were kept in place with some tweaks . But he said it was more of an American political statement aimed at China than a real effort to undermine Canada's sovereignty. The U.S.is in talks with the European Union and Japan, and is moving toward a "trade coalition of the willing to confront China", White House economic adviser Larry Kudlow told the Economic Club of Washington on Thursday. The U.S. wanted to get rid of it.

As well as concluding the North America deal, the USA has recently signed a revised trade agreement with President Moon Jae-in of South Korea, and is starting talks on a separate two-way deal with Prime Minister Shinzo Abe of Japan. "It would fit in with my general sense that China's approach to what's going on at the moment has very much been damage limitation", Carnell said.

But Mr. Mussell said it is not clear what would happen to quota values, noting much of the value can not be realized, and it does not trade freely. The new deal also provides some protection to Canada and Mexico if Trump goes ahead with his threat to slap 20 per cent to 25 per cent taxes on imported cars, trucks and auto parts.

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