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

Before the USMCA is implemented, though, it must be approved by Congress. Marie, Ont., says the new trade deal between Canada, the United States and Mexico, is one he wouldn't have signed.

"I felt throughout this negotiation truly a sacred trust", she said. "It will strengthen the middle class, and create good, well-paying jobs and new opportunities for the almost half billion people who call North America home", read a joint statement between the nations.

Pointing to his combative attitude towards China - with which the United States is engaged in an escalating trade war - Trump said his strategy was bearing fruit and that "China wants to talk very badly".

The so-called U.S. -Mexico-Canada Agreement (USMCA) will widen foreign access to the domestic dairy market by about 3.6 per cent, according to analysts, higher than the 3.25 per cent that was conceded by Canada under the Trans-Pacific Partnership (TPP).

Do you think the many concessions that the Liberal government made went too far or is this simply the price to be paid for a new North American trade agreement?

John Maxwell is a dairy farmer in Donahue, Iowa. On Sunday President Donald Trump announced the new USMCA.

Concern for Ontario dairy farmers was also on the mind of Premier Doug Ford. "But for 25 years as a civilian and businessman I used to say, 'How could anyone sign such an agreement?' With this agreement we are closing all of these bad loopholes, they're closed, they're gone".

Canada also agreed to a quota of 2.6 million vehicles exported to the United States in the event that Trump imposes 25 percent global autos tariffs on national security grounds.

But the region's access to the OH turnpike and I-75, the Port of Toledo and a variety of railroads could make this reworked USMCA a better deal for OH than NAFTA.

The end of the trade war isn't the only good thing to come out of the new NAFTA agreement.

In exchange, Canada and Mexico received relief from the impending auto tariffs Trump might impose.

Trade autonomy: one more alarming concession that has many concerned in Ottawa is language that may restrict Canada's ability to negotiate a trade deal with a "non-market" country, for example, China. The New Democrats said these tariffs hurt workers across Canada and could result in at least 6,000 jobs losses.

A former senior GOP official told Axios that the deal will allow for the creation of new cures and medicines "without the United States being the piggy bank for all those research and development dollars".

Related news:

Share this:

Hot News

isis-killer-beheading-video-story-top Russian Federation completes delivery of S-300 missile systems to Syria
Oct 05, 2018 - 13:02
In Washington, State Department spokeswoman Heather Nauert said she could not confirm Russia's claim that the S-300 was delivered. He said that 49 pieces of equipment had arrived in Syria, including four launchers, locators and control vehicles.

isis-killer-beheading-video-story-top Prithvi Shaw youngest Indian to crack hundred on debut
Oct 05, 2018 - 12:54
Rahul was gone for a golden duck when Caribbean pacer Shannon Gabriel trapped the Indian opener in front of the wickets. He soon got to his half-century and went to lunch just 20 odd away from a dream start to his Test and worldwide career.

isis-killer-beheading-video-story-top Nokia 7.1 initial review: Pure Android, big screen, modest price
Oct 05, 2018 - 11:39
The Nokia 7 .1 has a 5.84-inch Full HD+ display with PureDisplay technology, meaning it's compatible with HDR10. Nokia 7 .1 will be available late October with pre-orders at Amazon, Best Buy and B&H starting October 5, 2018.

isis-killer-beheading-video-story-top Virat Kohli eyes 24th Test ton
Oct 05, 2018 - 08:44
Roach will be absent as he has flown back to attend a family issue and the lack of top-quality spinners is a cause for concern. Meanwhile, Pujara poked at a wide ball and fell for 86 off 130 balls, giving fast bowler Sherman Lewis his first test wicket.

isis-killer-beheading-video-story-top New Trade Deal Leaves Ohio Dairy Industry Hopeful
Oct 05, 2018 - 08:28
News of a new trade deal with the United States and Mexico has stunned those in Saskatchewan's dairy industry. As a result of the negotiation, Canada will eliminate what is known as its milk classes 6 and 7.

isis-killer-beheading-video-story-top India risks US sanctions with $5-bln purchase of Russian missiles
Oct 05, 2018 - 07:38
American lawmakers, however, have allowed the possibility of a presidential waiver. Modi is expected to host Putin for talks Friday.

isis-killer-beheading-video-story-top Inside Prince Harry and Meghan's first official visit to Sussex
Oct 04, 2018 - 13:15
Harry patted the head of a baby and Meghan greeted a blonde child eating an apple who was held up to the barriers. They also visited the University of Chichester's Engineering and Digital Technology Park and The Royal Pavilion.

isis-killer-beheading-video-story-top Brewers top Cubs, win NL Central
Oct 04, 2018 - 10:57
He was on base 54 times in 27 games, hit for prodigious power and still produced numbers about 100 OPS points behind Yelich. Ryan Braun and Orlando Arcia had two-run doubles. "Those guys can surprise you and I've seen it numerous times ".

isis-killer-beheading-video-story-top Theresa May says Britain to stop favouring European Union workers after Brexit
Oct 04, 2018 - 07:39
She said current EU proposals would effectively leave NI in the Custom's Union, unlike other parts of the UK. Theresa May dances as she walks out to deliver her speech at the Conservative Party Conference .

isis-killer-beheading-video-story-top Trump told Saudi King he wouldn’t last ‘2 weeks’ without U.S. support
Oct 04, 2018 - 06:57
Brent crude oil futures LCOc1 were trading at $85.85 per barrel at 0104 GMT, down 44 cents, or 0.5 percent, from their last close. Trump continued the pressure campaign at a campaign rally in MS on Tuesday, where he offered some details about the conversation.

isis-killer-beheading-video-story-top Liverpool's Naby Keita kept in hospital overnight after back injury against Napoli
Oct 04, 2018 - 06:55
After drawing 1-1 away at Chelsea at the weekend, Liverpool face a tricky challenge against the Serie A side. Lorenzo Insigne scores the decisive goal for Napoli . "It didn't happen but we still have four games to go".

isis-killer-beheading-video-story-top 'It's a very scary time for young men in America'
Oct 03, 2018 - 11:57
Asked if he had a message for young women, the president said "women are doing great". "That's one of the very, very bad things that's taking place right now".

isis-killer-beheading-video-story-top Salah told not to worry after tough start to season by Klopp
Oct 03, 2018 - 11:53
Liverpool's midfield has been good up until now but the trio of Kante, Kovacic and Jorginho really bossed the Merseyside outfit. On a huge week for the Reds, with Manchester City visiting Anfield four days after the Napoli match ...

isis-killer-beheading-video-story-top Scholes 'surprised' Mourinho remained in job, says manager is 'embarrassing' club
Oct 03, 2018 - 11:07
Speaking to reporters after the game, Mourinho said he understood the feelings of the spectators. When Scholes' comments were put to the Portuguese, he responded: "Freedom of speech".

isis-killer-beheading-video-story-top Trump administration will deny visas to same-sex partners of diplomats
Oct 03, 2018 - 10:50
Former UN ambassador Samantha Power blasted the decision on Twitter, calling the move " needlessly cruel and bigoted ". The new policy grants some limited exceptions for diplomats representing countries where same-sex marriage is illegal.