Trump hails trade pact as the 'most important deal ever'

Trump and Trudeau agree on a revised 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".

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

Trade experts said the USMCA clause looks designed, in part, to short-circuit any efforts China might make to get around the USA sanctions by making deals with the other USMCA partners, and then having its goods make their way into the us market tariff-free by shipping them via another USMCA country.

"There has been a lot of twitchiness that Canada might negotiate with China", said trade-policy veteran Robert Wolfe, a professor at Queen's University.

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Let us know in the comments section below. "We knew that our attacking players aren't in the best individual form and confidence". We don't have the technical quality to build from the back.

Derek Scissors, a China scholar at the American Enterprise Institute in Washington, said the provision gave the Trump administration an effective veto over any China trade deal by Canada or Mexico.

"For a quarter century NAFTA has been disastrous for working people in the U.S., Canada and Mexico and a gift to corporations offshoring good", the UAW, which supported Trump's push to revamp NAFTA, said in a statement.

So, when Trump announced on August 27 that an agreement had been reached with Mexico on a new trade deal to replace the NAFTA he hates so much, we should not have been surprised that the most important part of the announcement was not the details of the agreement, but rather what the agreement would be called. Trump had threatened to proceed with Mexico alone if an agreement with Canada could not be reach by Sunday. Congress then has to approve the deal, which is likely to be up for a vote next year. "We've been able to come to an agreement that creates more stability and a greater level of confidence in the business community, confidence in making investments in Canada and as well investments in the other North American economies".

Canada has also agreed to allow more USA products into their dairy market, which is controlled by a national quota system.

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It is expected that the agreement will be signed by President Trump and his Canadian and Mexican counterparts on November 30.

Marshall said the USA had set the deadline to finalize its agreement with Mexico before the new Mexican administration takes over. The deal still must be approved by all three governments.

Earlier, White House trade adviser Peter Navarro said on Fox News Channel's "Sunday Morning Futures" that by Monday morning 'you will have some news one way or another that big and perhaps market-moving'. USMCA will "allow us to reclaim a supply chain that has been off-shored to the world because of unfair trade issues".

Mexican officials have said they hope the steel and aluminum dispute can be resolved before USMCA is signed. "They may be willing to do that for political purposes", he said.

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