Replacing NAFTA: what it means for the US | Leadership

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"There's a spirited debate going on in Canada, but the overall sentiment is relief that there's a deal to be done", said Daniel Ujczo, an worldwide trade lawyer who specializes in Canada-U.S. affairs at the law firm Dickinson Wright.

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

Williams said one positive for dairy farmers with the new agreement is that it will open the Canadian market to more exported American dairy products.

President Donald Trump has said he wants to go ahead with a revamped NAFTA - with or without Canada.

"Once approved by Congress, this new deal will be the most modern, up to date, and balanced trade agreement in the history of our country, with the most advanced protections for workers ever developed", he said.

President Trump formally announced a new trade deal with Mexico and Canada Monday morning.

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"The general course of the deal started to be more positive, the USTR became concerned there may be some procedural challenges to his deal with Mexico from the Hill, and I think the White House wanted to ramp up the pressure and started repeating its threats about auto tariffs".

President Donald Trump says the new United States-Mexico-Canada Agreement means plenty of new jobs for USA workers.

The NAFTA dispute-resolution process will also be kept in the new deal.

U.S. Rep. Joaquin Castro, D-Dist.

"There were holes in NAFTA that were damaging to the US industry", said Xie, noting that cheap parts from China allowed Mexican products to be sold for reduced prices, thus undermining competition with USA goods.

"This is definitely a sigh of relief that we can get Mexico and get Canada done".

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The U.S. and Mexico reached a consensus weeks ago, leaving Canada racing to meet a midnight deadline on September 30th to stay in the trilateral agreement. The United States has been increasing the pressure on China in recent months to change what it views as unfair trading practices; as of last month, the United States has imposed tariffs on US$250-billion of Chinese goods - representing almost half of its annual imports from China. 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".

If NAFTA is indeed replaced by the new agreement, which unfortunately is completely unpronounceable as an acronym, it is unlikely that there will be large and dramatic changes to North American trade.

The influential Dairy Farmers of Canada lobby group - which strongly opposes the idea - said in a statement that it insisted "any final NAFTA deal should have no further negative impact on the dairy sector". "I also plan to work closely with my colleagues to explore how we may correct some of the agreement's flaws through the required implementing legislation".

Trump said that Freeland "hates America" according to a report from The Washington Post.

"They haven't been given the sound bites, I guess, but you had some Democrats say this is really awesome if he really got all of that".

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