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Canada, U.S. reach NAFTA deal

By Toronto Star

Two Canadian sources said a deal had been reached on Sunday nightRead full story

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  • The ratio of bluster-to-substance leaves something to be desired, sure, but credit where credit’s due—this is a legitimate win for Team Trump.

  • Just in the nick of time. Canadian automakers will be happy but sounds like their will be some unhappy dairy farmers in Quebec. Wonder if that will come into play next election, could be a wedge issue for the Conservative party.

  • Initial reaction: Hurrah! Be interested in seeing some of the details.

  • Well, I just want to let you know that if we’re thinking about letting Mexico out of this and deporting every illegal we have in the country, the risks of facing another Great Depression are huge and I don’t think we can afford that.

  • It will be interesting to see what they agreed on dairy. I read today that the importance of the dairy industry in Quebec is similar to that of the auto industry in Ontario. The provincial election finishes tomorrow, wonder if this will affect it.

    https://montrealgazette.com/news/local-news/quebec-election-just-watch-me-says-couillard-on-saving-dairy-farms

  • Tl;dr

    “giving U.S. farmers more access to the protected Canadian market than the 3.25 per cent Canada granted “

    -> good

    “There were no changes related to “TN” visas for professional workers.”

    -> wasnt going to change a whole lot regardless.

    “two sides had agreed to phase out the investor-state dispute settlement system, “Chapter 11,” that allows corporations to sue governments.”

    -> Interesting. Seems bad on the surface, given the need for citizens to hold governments accountable. On the other

    Tl;dr

    “giving U.S. farmers more access to the protected Canadian market than the 3.25 per cent Canada granted “

    -> good

    “There were no changes related to “TN” visas for professional workers.”

    -> wasnt going to change a whole lot regardless.

    “two sides had agreed to phase out the investor-state dispute settlement system, “Chapter 11,” that allows corporations to sue governments.”

    -> Interesting. Seems bad on the surface, given the need for citizens to hold governments accountable. On the other hand, letting multinationals overrun our public courts fighting *for* public money also seems like a bad idea. Jury’s probably out on this one.

    “Canada gave ground on intellectual property, agreeing to a U.S. demand to extend copyright terms from the previous standard — the life of the author plus 50 additional years — to the life of the author plus 70 years. Canada also agreed, according to the Canadian official, to extend certain protections for pharmaceutical patent data from eight years to 10 years, a change opposed by generic drug makers.”

    -> Good on the surface. The need to protect american IP is obviously legitimate. That being said, whatever profits made via American IP in Canada (including pharmaceuticals) should be repatriated to the US tax system. It’s only fair that these companies work symbiotically with the public.

    “Canada agreed to raise its low threshold for applying duties on U.S. goods purchased by Canadian online shoppers.”

    -> good. likely wont change too too much.

    “the agreement is set to last for at least 16 years.”

    -> I wouldve preferred the original 5-year sunset clause, but this is fine I suppose.

    “While that will not be a problem in Canada or Mexico, the U.S. Congress, which has sometimes taken years to approve trade deals struck by presidents, may prove more difficult. If Congress delays, Trump could renew his threats to terminate the current NAFTA to try to pressure Congress into accepting the new one.”

    -> I actually like that Congress will have their back against the wall this time. Again, they delay so much due to fear of public backlash. But what would they rather? NAFTA ‘s termination or a new, significantly better deal?

  • Have you been watching President trump he has been saying that the United States Economy is the strongest it has ever been.So if you don’t know what your talking about you just shut up it makes you look stupid.Remember a brain is a lousy thing to lose.But as to canada and the NAFTA deal.I think it is fine but we should keep an eye on the deal. I have had deals with the French and they can be little sly not all but some.so all i say is keep an eye out.Better Safe than Sorry..And for Mexico we have

    Have you been watching President trump he has been saying that the United States Economy is the strongest it has ever been.So if you don’t know what your talking about you just shut up it makes you look stupid.Remember a brain is a lousy thing to lose.But as to canada and the NAFTA deal.I think it is fine but we should keep an eye on the deal. I have had deals with the French and they can be little sly not all but some.so all i say is keep an eye out.Better Safe than Sorry..And for Mexico we have been supporting Mexico for decades and they have never tried to pay us back.We can’t trust them.They don’t even trust themselves that’s why their always broke they will bring us down by themselves if you let them.Remember Mexico is where all the drugs come from and the mexican mafia was originated in Mexico so be cautious.Do what your going to do but just be careful .With Gods Love Amen..

  • One of the most crucial issues for Canada especially for Québécois, the tariff on Canadian aluminum is still pending...

    This outcome has revealed that Trump is not advocating protectionism, but merely using it as a negotiation tactic to push through his will towards the liberal way of trade that he thinks to be beneficial for the US, whether it’s likely or not.

  • As a Canadian living in US this will be interesting how it reverberates. In the end Canada had to do this. This was their biggest trading partner and Trudeau was not going to let this issue cause a mini recession under his watch. Folks will be unhappy in pockets but Trump will boast in political rallies rather than doing his job that he got this done and Trudeau can tell Canadians he saved Canadian jobs by taking on the man who hold rallies 5 days a week and doesn’t do his job

  • I hope this will be good and that all parties find value and stability in continued partnership. There’s nothing wrong with renegotiating trade deals. We do not live in a stagnant economy.

    I do not like Trump’s style. But people in the Heartland have complained about NAFTA for a very long time and I do hope this will prove to be a framework my neighbors feel better about operating within.

  • Great for Canada. Media being told to downplay the success of the deal as we are being watched south of the border. You know, the Donald just has to look like he is a winner.

  • Doesn’t matter what it does. Dems will criticize it. They can’t acknowledge Trump doing anything positive. Their base will have none of that.

    Sad.

  • Another win for the best president of the 21st century

  • USMCA is now. NAFTA is past.

  • In a funk

    Confused.

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