NY Dairy Farmers Could Benefit From New Trade Deal With Canada

Trump and Trudeau agree on a revised NAFTA deal

Canada-US reach deal to reform NAFTA

Canada is linked again with the USA and Mexico in a revamped North American free trade deal after weeks of negotiations.

Canada and the USA reached a deadline deal on a new free trade pact that will include Mexico, the governments announced late on Sunday, after more than a year of talks to revamp a pact President Donald Trump had labelled a disaster.

Federal Conservatives say the new North American trade deal holds a poison pill that will make future trade deals more hard for Canada to negotiate.

Trump said he'd like to see it signed by the end of November.

The US made a deal with Mexico in August, but relations with Canada over the trade pact had become increasingly strained in recent weeks. Lots of jokes, apparently, if it's the moniker for the revamped North American Free Trade Agreement.

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In 2017, the Department of Commerce published a report that concluded that China was a non-market economy.

"Closing a deal with these two countries will allow US trade officials to focus their efforts on other large issues with global trade around the world, including negotiating in existing markets and opening new markets".

"Moving forward on eliminating the tariffs on steel and aluminum remains a priority for us, for Mexico, and is something the Americans have indicated they are more than willing to work on", Trudeau told a news conference.

As for the timeline of negotiations with China, Kudlow said the U.S.is open to "significant and serious" talks any time, but those talks have thus far been "unsatisfactory". When Canada was added as a result of the agreement reached at the eleventh hour on Sunday, the agreement was called the United States-Mexico-Canada Agreement (USMCA).

If no solution can be found, Mexico should put tariffs on US steel to level the playing field, Canacero said.

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President Donald Trump reportedly accepted the new deal while Canadian Prime Minister Justin Trudeau held a late-night meeting with his Cabinet in Ottawa.

However, the Wisconsin Farmers Union doesn't see the new deal amounting to much saying the industry needs to focus less on quantity and more on quality.

While expected, maintaining the status quo is important for provinces like Nova Scotia which exported $955 million worth of seafood to the United States a year ago, according to provincial figures.

Unlike the NAFTA and the Trans-Pacific Partnership, the USMCA imposes stronger rules of origin for vehicles and automotive parts.

Lilly said if digital products fall outside the general exemption on cultural industries, it could limit Ottawa's ability to set Canadian content standards in digital media.

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The deal will preserve a trade dispute settlement mechanism that Canada fought hard to maintain to protect its lumber industry and other sectors from USA anti-dumping tariffs, United States and Canadian officials said.

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