"United States-Mexico-Canada Agreement.”

A

anatta

100% recycled karma
After more than a year of tense talks and strained relations between President Trump and Prime Minister Justin Trudeau of Canada, negotiators from both sides came to a resolution just ahead of a midnight deadline set by the White House.

The 11th-hour agreement was punctuated by a frenetic Sunday, with Canada’s leaders teleconferencing throughout the day with top American officials in Washington.
Mr. Trudeau convened a 10 p.m. cabinet meeting in Ottawa to brief officials on the deal, as Jared Kushner, one of Mr. Trump’s closest advisers, and Robert E. Lighthizer, the president’s top trade negotiator, hashed out the final details.
Mexico’s under secretary of foreign trade, Juan Carlos Baker, was expected to present the texts of the agreement to the Mexican senate just before midnight.

In a joint statement, Mr. Lighthizer and Canada’s foreign affairs minister, Chrystia Freeland, said the new deal “will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region.”

The trilateral deal will no longer be called Nafta, they said, but will be named the “United States-Mexico-Canada Agreement.”
 
anatta said:
In a joint statement, Mr. Lighthizer and Canada’s foreign affairs minister, Chrystia Freeland, said the new deal “will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region.”
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Hmmm, looks like Trump was right about the old NAFTA.
 
The deal represents a win for President Trump, who has derided Nafta for years and threatened to pull the United States from the pact if it was not rewritten in America’s favor.
Overhauling trade deals has been one of Mr. Trump’s top priorities as president and he has used tariffs and other threats to try and force trading partners to rewrite agreements in America’s favor.

The Trump administration struck a deal with Mexico last month to rewrite Nafta and had threatened to jettison Canada from the pact if it did not agree to concessions like opening its dairy market to United States farmers. The White House had set a Sept. 30 deadline to release the text of its new trade agreement with Mexico.

As part of the deal, Canada will ease protections on its dairy market and provide access that is greater than what the United States would have gained through the Trans-Pacific Partnership, a trade treaty that Mr. Trump withdrew from last year.

The United States also relented on its demands to eliminate an independent tariff dispute settlement system that Canada has said is a red line in negotiations

The countries also reached an understanding that would protect Canada from the automobile tariffs that Mr. Trump has routinely threatened, though it is not clear how far those protections would extend. A senior administration official said that if those tariffs were imposed on global imports, Canada and Mexico would receive “accommodations” for their existing car production.

But in a sign of how fraught trade relations remain, Canada did not win assurances that Mr. Trump would lift the steel and aluminum tariffs he imposed earlier this year. Administration officials said that no changes had been made and that those levies are being addressed on a different track.

The agreement builds upon the deal that was reached with Mexico in August. That made updates to provisions surrounding the digital economy, agriculture and labor unions. Most importantly it made alterations to rules governing automobile manufacturing, in an effort to bring more car production back to the United States from Mexico.

“It’s a good day for Canada,” Mr. Trudeau said late Sunday,
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after convening a meeting with his cabinet. He said he would deliver more details about the agreement on Monday.

After months of sputtering talks, momentum picked up this weekend as Mr. Trudeau inserted himself and made clear that he wanted to get something done. Mexico has also scrambled to try and ensure that the Nafta pact remains trilateral.

President-elect Andrés Manuel López Obrador of Mexico said on Friday that Mr. Trudeau had appealed to him to help pave the way for a three-nation deal and that he would insist that a revised Nafta include Canada.

While Canada had played down the end-of-the-month deadline, the talks were restarted in earnest this weekend as the United States and Mexico signaled they would release text of their bilateral trade agreement as early as Friday. Mexico wants a deal signed before Dec. 1, when the new Mexican administration takes over, and the Trump administration wants the current, Republican-controlled Congress to vote on the deal quickly, given a potential change in control after the November midterm elections.

Discussions between the United States and Canada had stalled amid souring relations between Mr. Trudeau and Mr. Trump, who lashed out at Canada last week during the United Nations General Assembly meeting for mistreating the United States on trade.
The president said he had rejected a meeting with Mr. Trudeau because of Canada’s high tariffs, though Mr. Trudeau’s office said no meeting had ever been requested. Mr. Trump also threatened to tax Canada’s auto exports into the United States if it did not agree to America’s demands. That followed a testy meeting in June, when Mr. Trump accused Mr. Trudeau of being “dishonest.”

A revised Nafta that includes Canada has a far greater chance of being ratified by Congress but its fate is still somewhat uncertain. Democrats could take control of the House or the Senate in the midterm elections in November and attempt to call for changes to the agreement.
https://www.nytimes.com/2018/09/30/...tion=click&module=Top Stories&pgtype=Homepage
 
Canada sucks so much. Trump is the man. You want something done? Get an old-school Liberal Democrat to do it, it'll get done.
 
Guille said:
Hmmm, looks like Trump was right about the old NAFTA.
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It's a win/win/win for all signatories.
Trump was key in separating out the earlier agreement with Mexico,and then pressuring Trudeau to come in.
Now they all sign a trilateral agreement.

Once the US Mexico agreement was signed,all the pressure went on Canada.
But getting it done before Oct 1 helps Mexico pass it's Senate.

Of course our Democratic Congress will try to muck it up with changes after the midterms -
and it looks like Congress won't vote till after the next session...but it will all fall in place im sure
 
The trilateral pact is expected to be signed by the three North American countries before the end of November, after which it would be submitted to Congress. The deal was agreed upon by Canada just hours before the US imposed September 30 midnight deadline.

Significance

The deal is expected to re-balance US’s trade relations with Mexico and Canada.

It modernises what was covered by NAFTA by adding provisions on digital trade and intellectual property.

It also highlights new rules on the origin of autos and the market access to Canada's dairy sector.

Key Highlights of the deal

• The new trade deal would make significant changes to the rulebook that has governed North America, trade since 1994.

• It will for the first time set rules for financial-services and digital businesses that have emerged since the bloc was created.

• It would allow US farmers greater access to Canada's dairy market and address concerns about potential US auto tariffs. The pact will come up for review every six years.

• Under the agreement, Canada has agreed to export a quota of 2.6 million vehicles to the United States in the wake of 25 percent global autos tariffs imposed by the US on national security grounds.

• The quota would allow for a significant growth in tariff-free automotive exports from Canada above current production levels of about 2 million units, safeguarding Canadian plants.

• The deal, however, failed to resolve U.S. tariffs on Canada's steel and aluminum exports.

Why September 30 deadline?

The Trump administration has been working to sign a new trade deal before Mexican President Enrique Pena Nieto leaves office on December 1. To meet that deadline, the text of the agreement had to be submitted to Congress before October.

The US Congress, which has to approve the deal, was against leaving Canada behind. Hence, following the signing, the deal will now be sent to the Congress, which will start its 60-day review period, during which it can suggest changes to the deal. After the approval of the Congress, it will be sent to Trump for his assent.

Background

The agreement with Canada and Mexico — two of the United States' biggest trading partners — follows through President Donald Trump's campaign pledge to renegotiate NAFTA.

President Donald Trump had threatened to end the nearly 25-year-old North American Free Trade Agreement into a bilateral pact with Mexico and tax Canadian vehicle exports to the United States if Canada had failed to sign the deal on before the midnight deadline.

Canada, America's second-largest trading partner, was left out when the US and Mexico had reached a preliminary deal in late August to revamp NAFTA. Canada was expected to join the talks after that but both US and Canada stayed deadlocked over the trade of dairy products.

US President Donald Trump has held NAFTA largely responsible for the loss of American manufacturing jobs and so, he wanted to initiate major changes to the pact.

Vehicles, machinery and agricultural products make up much of the goods traded between the three countries.
https://www.jagranjosh.com/current-...-sign-trade-deal-replacing-nafta-1538388332-1
 
anatta said:
After more than a year of tense talks and strained relations between President Trump and Prime Minister Justin Trudeau of Canada, negotiators from both sides came to a resolution just ahead of a midnight deadline set by the White House.

The 11th-hour agreement was punctuated by a frenetic Sunday, with Canada’s leaders teleconferencing throughout the day with top American officials in Washington.
Mr. Trudeau convened a 10 p.m. cabinet meeting in Ottawa to brief officials on the deal, as Jared Kushner, one of Mr. Trump’s closest advisers, and Robert E. Lighthizer, the president’s top trade negotiator, hashed out the final details.
Mexico’s under secretary of foreign trade, Juan Carlos Baker, was expected to present the texts of the agreement to the Mexican senate just before midnight.

In a joint statement, Mr. Lighthizer and Canada’s foreign affairs minister, Chrystia Freeland, said the new deal “will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region.”

The trilateral deal will no longer be called Nafta, they said, but will be named the “United States-Mexico-Canada Agreement.”
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“United States-Mexico-Canada Agreement.”

U.S.M.C. Agreement. I like it.

:thumbsup:
 
anatta said:
The trilateral pact is expected to be signed by the three North American countries before the end of November, after which it would be submitted to Congress. The deal was agreed upon by Canada just hours before the US imposed September 30 midnight deadline.

Significance

The deal is expected to re-balance US’s trade relations with Mexico and Canada.

It modernises what was covered by NAFTA by adding provisions on digital trade and intellectual property.

It also highlights new rules on the origin of autos and the market access to Canada's dairy sector.

Key Highlights of the deal

• The new trade deal would make significant changes to the rulebook that has governed North America, trade since 1994.

• It will for the first time set rules for financial-services and digital businesses that have emerged since the bloc was created.

• It would allow US farmers greater access to Canada's dairy market and address concerns about potential US auto tariffs. The pact will come up for review every six years.

• Under the agreement, Canada has agreed to export a quota of 2.6 million vehicles to the United States in the wake of 25 percent global autos tariffs imposed by the US on national security grounds.

• The quota would allow for a significant growth in tariff-free automotive exports from Canada above current production levels of about 2 million units, safeguarding Canadian plants.

• The deal, however, failed to resolve U.S. tariffs on Canada's steel and aluminum exports.

Why September 30 deadline?

The Trump administration has been working to sign a new trade deal before Mexican President Enrique Pena Nieto leaves office on December 1. To meet that deadline, the text of the agreement had to be submitted to Congress before October.

The US Congress, which has to approve the deal, was against leaving Canada behind. Hence, following the signing, the deal will now be sent to the Congress, which will start its 60-day review period, during which it can suggest changes to the deal. After the approval of the Congress, it will be sent to Trump for his assent.

Background

The agreement with Canada and Mexico — two of the United States' biggest trading partners — follows through President Donald Trump's campaign pledge to renegotiate NAFTA.

President Donald Trump had threatened to end the nearly 25-year-old North American Free Trade Agreement into a bilateral pact with Mexico and tax Canadian vehicle exports to the United States if Canada had failed to sign the deal on before the midnight deadline.

Canada, America's second-largest trading partner, was left out when the US and Mexico had reached a preliminary deal in late August to revamp NAFTA. Canada was expected to join the talks after that but both US and Canada stayed deadlocked over the trade of dairy products.

US President Donald Trump has held NAFTA largely responsible for the loss of American manufacturing jobs and so, he wanted to initiate major changes to the pact.

Vehicles, machinery and agricultural products make up much of the goods traded between the three countries.
https://www.jagranjosh.com/current-...-sign-trade-deal-replacing-nafta-1538388332-1
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Let’s not forget the NeverTrumpers. They were squealing about “FREE TRADE!!!!”

Trump is the biggest free trader I have ever seen. The NeverTrumpers and the Left will never get it

Trump will be the most consequential president of my lifetime
 
Teflon Don said:
Let’s not forget the NeverTrumpers. They were squealing about “FREE TRADE!!!!”

Trump is the biggest free trader I have ever seen. The NeverTrumpers and the Left will never get it

Trump will be the most consequential president of my lifetime
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The last statement isn’t hyperbole.
 
anatta said:
Trump was a genius.
the 3 way talks were going nowhere, so Trump told Lighthizer to break them up into separate talks. that did it!
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Trump is a businessman who didn’t attend an Ivy League school lol.

I was hoping for things like this—so I voted for him.
 
Darth Omar said:
Trump is a businessman who didn’t attend an Ivy League school lol.

I was hoping for things like this—so I voted for him.
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me too. whereas we almost got sucked into the TPP by Obama,which would be more bad agreements.
Now it's on to China and the EU -but this was yuge!
 
The New Deal changes virtually nothing from the old deal. As usual trump supporters are nothing but uneducated dumbfucks
 
anatta said:
me too. whereas we almost got sucked into the TPP by Obama,which would be more bad agreements.
Now it's on to China and the EU -but this was yuge!
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TPP was an excellent deal for America you're just too uneducated and to f****** stupid to get it
 
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