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Replacing NAFTA: what it means for the US | Leadership

04 October, 2018, 07:46 | Author: Melinda Barton
  • Trump and Trudeau agree on a revised NAFTA deal

And he's cheering the fact it will give American farmers and dairy producers greater access to markets in Canada and Mexico, protect auto manufacturing jobs and encourage innovation on USA soil.

The United States Mexico Canada Agreement will replace the North American Free Trade Agreement, which was approved by President Clinton in the 90s.

One promise of President Trump's campaign checklist?

- CP24 (@CP24) 1 October 2018Trump says steel and aluminum tariffs will remain in place for the time being, but he says "we are working on that now". "Those looming questions on what the tariff rates are will be resolved".

New York's dairy farmers were among those foiled by Canada's Class 7 trade category, which stopped American products based in whey protein and dry milk products from entering the Canadian market.

Brody Stapel, board president of Edge Dairy Farmer Cooperative, said the treaty won't be a major change in export numbers.

Washington dairy exports totaled $5.5 billion a year ago, with top markets in Mexico ($1.3 billion), Southeast Asia ($690 million), Canada ($636 million), China ($577 million) and South America ($291 million), according to a report by the U.S. Dairy Export Council.

In a joint statement, Chrystia Freeland, Canada's foreign affairs minister, and Robert Lighthizer, Trump's trade representative, said the new deal "will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region".

Trump campaigned in OH during the 2016 presidential race advocating for a renegotiated NAFTA deal. "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".

Trump's aggressive tearing up of long-standing U.S. trade deals - with everyone from its two huge neighbours to China and the European Union - has rattled world leaders and sparked fears of economic turmoil. Some countries were granted exemptions, however Mexico and Canada did not make that list.

Trump threatened to go ahead with a bilateral deal with Mexico, but Mexican officials strongly advocated for Canada's inclusion. In addition, automobile machines should have at least 30 percent of the manufacturing done by workers earning around $16 an hour. US officials intend to sign the agreement with Canada and Mexico at the end of November, after which it will be submitted to the US Congress for approval, another senior US official said. "Inclusion of non-trade policies in a trade agreement is a deeply troubling precedent".



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