Economy

Canadian Dairy Farmers Aren't Happy With U.S. Trade Deal. Here's Why

Canadian Dairy Farmers Aren't Happy With U.S. Trade Deal. Here's Why”

Edge Dairy Farmer Cooperative applauded the announcement of the new United States Mexico-Canada agreement (USMCA) especially with the elimination of the Class 7 milk price, which allowed Canadian milk producers to undercut the price of U.S producers.

The preliminary deal, reached Sunday, added Canada to a trilateral trade agreement to replace NAFTA, dubbed the US-Mexico-Canada Agreement.

The specific clause that sets up the veto is called Section 32.10, and it would apply to all three signatories to the trade deal once it's ratified.

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.

With limited details on what USMCA entails, the Times reports that with the new agreement, Canada's dairy management system will ease its protections, allowing the USA more access to Canada's dairy products.

If the new deal were simply branded as NAFTA 2, it would appear the president had failed on his promise to repeal what he called the worst trade agreement in history, said Rose, who studies political communication and propaganda. More recently it pledged to soon reduce tariffs on a wide range of consumer goods, including apparel, washing machines and makeup.

"USMCA follows two previous trade agreements in which access to the Canadian dairy market was granted, CETA and the CPTPP, which sacrificed the equivalent of a quarter of a billion dollars annually in dairy production to industries in other countries", noted the CDF.

Schneider said it's important the agreement remain viable as Canadian companies consider setting up operations in Whatcom County to serve the US market. Congress would vote on it next year. "His economic adviser, Larry Kudlow, told Fox Business Channel "(USMCA) sends an important message to China North America is together. "And now I guess we turn our sights to the next big thing", Stapel said.

President Donald Trump is scheduled to speak at 11 a.m. EDT. "It means far more American jobs, and these are high-quality jobs".

President Trump touted this deal as being one to pour "cash and jobs" into the USA and North America, though Hill is cautious.

"New protections for working families and the closing of some loopholes for global companies seeking to ship jobs overseas are a step in the right direction but there is more work to do. There's no longer that incentive". It will form America back into a manufacturing powerhouse. The new deal was ushered in to help North American workers, especially in the automobile sector.

The stock market loves it.

Democrats, like Senate Minority Leader Chuck Schumer, can only say they want to see details.

Iowa is the 11th leading state in dairy production with a lot of them coming from the northeast and northwest corners of the state.

Past presidents of both parties have mostly bowed to globalists and other nations that have put the interests of their countries first.



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