US, Canada, Mexico trade deal, USMCA, NAFTA details: dairy, auto, dispute resolution

Canada, US reach deal to update NAFTA - Canadian sources | New Hampshire

(Note that experts say NAFTA both cost and created jobs.) So this new pact counts as a victory for Trump now that he's been able to alter the original agreement and get Mexico and Canada on board for a new deal. The relationship has been in neutral since then, though one senior Canadian official said there had been "increasingly positive" signs from China lately, and that the two countries were "working through" a template for a deal that China has in mind.

"Anything you submit to Congress will be trouble", he said.

The new agreement raises that threshold, with cars needing three-fourths of their parts originating in North America to move freely between the three countries.

Sunday's announcement capped six weeks of intense talks.

Trump also heralded the agreement in a series of Monday morning tweets.

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On the flip side of Canada's more open dairy market, the country's own farmers may be negatively affected. That keeps disputes out of USA courts, where Canadian officials felt Canadian firms would be at a disadvantage.

"So instead of it being the USA, it would be high-wage labour, which of course includes Canada, and suddenly the us and Canadian interests were aligned and this was a deal that Canada could do" Freeland said.

Some lawmakers immediately expressed relief that Canada had been reinstated in the regional trading bloc.

The United States, Mexico, and Canada are expected to sign the deal by the end of November, 2018. "NAFTA is a proven success". Foreign minister Chrystia Freeland downplayed the clause's importance, saying it simply means that if one partner deals with a non-market economy, it "could be a reason (for another partner) to leave". "Democrats will closely scrutinize the text of the Trump Administration's NAFTA proposal, and look forward to further analyses and conversations with stakeholders", House minority leader Nancy Pelosi said in a statement.

The deal reached Sunday gives farmers greater access to the Canadian dairy market, a big win for the Trump administration.

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The agreement, reached on Sunday night, protects Canada's automotive industry from potentially devastating US tariffs, but includes no assurance that Washington will lift punitive measures it imposed on Canadian and Mexican steel and aluminum in June. Mexico agreed to provisions requiring at least 40 percent of a vehicle to be built in countries where auto workers earn at least $16 an hour to qualify for duty-free benefits.

"I hope what they did in the renegotiated agreement is to make sure that the labor and wage standards in Mexico are lifted so that the playing field is more even now", Castro said.

Marcelo Ebrard also acknowledged Monday "some of the new regulations, like the changes in the content rules, may pose some challenges for companies to adapt to".

"Without tariffs we wouldn't be talking about a deal", Mr Trump said. He'll be replaced by President-elect Andres Manuel Lopez Obrador, who tapped Ebrard to be his foreign relations secretary. The so-called U.S. -Mexico-Canada Agreement, or USMCA, still needs to be approved by Congress and the legislatures of Canada and Mexico before it's implemented. That started a 90-day clock that would let Pena Nieto sign the new pact before he leaves office December 1.

An agreement on how to treat the auto sector, reached this summer between the United States and Mexico, was central to a revamped NAFTA going ahead. "We never believed that it would be easy, and it wasn't, but today is a good day for Canada".

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His signing by the Panthers shows a clear shift in culture on the part of the team since Jerry Richardson sold off the club. He was, notably, the first player to kneel alongside former teammate (and current exile) Colin Kaepernick .

When the tariffs were first imposed and Trump first made comments against Trudeau, many Canadians began to boycott the president and the country.

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