NY Dairy Farmers Could Benefit From New Trade Deal With Canada

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Wisconsin's Grassland Dairy blamed the policy for lost sales which the processor said forced it to cut milk contracts for dozens of state farmers last spring.

Wenweipo, a pro-Beijing newspaper based in Hong Kong, ran an article on October 2, titled, "Canada and the U.S. Got What They Need and Mexico is the Loser", arguing that the terms of the new agreement were akin to concessions that would hurt Mexico's economy. President Donald Trump announced a preliminary agreement with Mexico more than a month ago.

The agreement, reached on Sunday night, protects Canada's automotive industry from potentially devastating USA tariffs, but includes no assurance that Washington will lift punitive measures it imposed on Canadian and Mexican steel and aluminum in June.

Daniel Ujczo, a trade attorney with the Dickinson Wright law firm who has followed the talks closely, said he expects the U.S. to get more access to the Canadian dairy market. "And we, as always, will look for ways to engage, deepen and improve our trading relationship with them in ways that are beneficial both to Canadians and to everyone", Trudeau said at an event in Vancouver.

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Experts were still pouring over the massive trade agreement on Monday, reached between Canada, the United States and Mexico after a year of tense negotiation.

The deal also raised the percentage of automobiles that must be made in North America in order to enter the US duty-free and raised the bar for respect of USA intellectual property, Marshall said. Canadian protections for its dairy industry had been a long-standing sore spot for President Trump. While the new agreement still needs approval from Congress before it comes into effect, President Donald Trump has high hopes that it will allow North America to be transformed into a "manufacturing powerhouse".

Canadian Prime Minister, Justin Trudeau, speaks during a news conference at U.N. headquarters during the General Assembly of the United Nations in Manhattan, New York, U.S., September 26, 2018.

Canada has also agreed to allow more US products into their dairy market, which is controlled by a national quota system. And with that, after almost 14 months of tense negotiations, we now have a newly named regional trade agreement.

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Will said IN will also have advantages IN industry because the deal bans other countries from giving money to industries so they can compete against America. The deal still must be approved by all three governments.

"USMCA is the big trade deal - the largest deal ever made, so far, in trade - I expect to top it with China or European Union or something".

He said the protections for Canadian dairy were necessary because otherwise Canada might've backed out of the deal. "Getting closer to having good trade relations is important, even though this agreement doesn't touch the steel and aluminum agreements". "They may be willing to do that for political purposes", he said.

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