Full Ohio Impact Of New NAFTA Deal Remains To Be Seen

Full Ohio Impact Of New NAFTA Deal Remains To Be Seen

- Aiding farmers by curbing Canada's high tariffs and low quotas on US dairy products.

Canada also won protection from any future USA auto tariffs, but the details of those protections were not clear.

Just hours before a USA -set deadline, the US and Canada reached an agreement on a rewrite of the North American Free Trade Agreement. Then it's likely to be taken up in Congress next year.

"The agricultural community is counting on our elected leaders to ensure that a safety net remains in place during these uncertain times".

"Some of the most important changes have nothing to do with our relationship with Canada and Mexico, but with China, because they in their included language directly address our issues on intellectual property and ownership and a few other things with China", Hill said.

O'Connor said the USA needs an incentive for individual farmers not to overproduce, much like Canada's quota system.

Foreign Affairs Minister Chrystia Freeland is defending Ottawa's new tentative trade pact after public criticisms from the Ford government over farmer compensation, future trade talks with other nations and steel tariffs.

Dr. Andrew Solocha, professor of International Finance at the University of Toledo says, "If they impose a tariff on cars like Trump has proposed, that will mean they have to build their cars here".

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USA lawmakers and business have urged the administration to keep Canada in the deal but the trilateral nature had been in jeopardy after Trump on August 27 announced he reached a deal with Mexico that Canada could join if it's willing to make concessions. President Donald Trump and his counterparts in Canada and Mexico are expected to sign the USMCA by the end of next month.

"WCIT is encouraged that the administration has struck a deal with Canada and Mexico to revise the NAFTA". "Canada's closed and supply-controlled system had embarked on a program that essentially dumped milk proteins on world markets and moved American dairy farming and processing jobs, along with thousands of additional high-quality jobs, from the U.S.to Canada".

"That tells me that there's an agreement that works for all of us, and so, to me, that's what we wanted all along", Perez said.

The USMCA requires 40-percent of cars sold in North America be made by workers earning at least $16 an hour.

For Trump, the USMCA is only the start of what he says is a global pushback against countries taking advantage of the USA economy.

On the Canadian side, Prime Minister Justin Trudeau´s office indicated that the negotiations were ongoing and they had nothing to announce.

Trump has wanted a complete overhaul of NAFTA, arguing the quarter-century-old pact has been unfair to the United States.

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