By DANIEL DALEWashington Bureau Chief
TONDA MACCHARLESOttawa Bureau
Sun., Sept. 30, 2018
WASHINGTON—Canada and the U.S. have agreed on a new North American Free Trade Agreement, two Canadian officials said late Sunday, concluding an acrimonious 13-month negotiation that had hindered the Canadian economy and damaged relations between the two countries.
They have not yet released the details on which the deal will ultimately be judged. The news that they have struck any kind of deal, though, means Prime Minister Justin Trudeau has achieved a long-sought goal: convincing U.S. President Donald Trump to preserve a trade accord Trump has repeatedly threatened to terminate.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June. (EVAN VUCCI / THE ASSOCIATED PRESS)
Bloomberg News reported that Trump is “on board” with the deal. The two countries were expected to release statements shortly.
The news of an agreement is likely to be greeted with relief by businesses across the continent, whose planning decisions have been complicated by the uncertainty. Bank of Canada Governor Stephen Poloz said in April that trade uncertainty was the top factor slowing business investment in Canada.
The deal will include substantial changes to the rules governing the North American auto industry. And it will affect dozens of other industries and the consumers who buy their products, from milk to medicine.
Word of the agreement came late Sunday night, just before the deadline the Trump administration had set for publicly publishing the text of its preliminary agreement with Mexico. That would have started a 60-day countdown to the possibility of Trump and Mexican President Enrique Pena Nieto signing a deal that did not include Canada.
The process of finalizing the merged three-country agreement is still far from over. Most critically, the legislatures of Canada, the U.S. and Mexico, which previously struck its own preliminary agreement with the U.S., must now vote in favour of the final three-country deal. While that will not be a problem in Canada or Mexico, the U.S. Congress may prove more difficult.
Nonetheless, the agreement between Trump and Trudeau appears to put to rest, at least for now, a primary source of bilateral tension. Trump had grown increasingly critical toward Trudeau and Canada as the difficult negotiations dragged on, and he had threatened to “ruin” the Canadian economy with car tariffs if there was no deal.
The Sunday deal followed a weekend scramble in Ottawa and Washington. Trudeau’s top officials huddled in his office into the night on Saturday and Sunday. Trudeau arrived on Sunday night, declining to comment to waiting reporters. He convened a meeting of his cabinet around 10 p.m.
NAFTA governs more than $1 trillion in annual trade between the three countries. It guarantees tariff-free trade of most products, facilitates the movement of investment capital and professional workers across the two borders, sets rules governing hundreds of kinds of businesses and provides a system for resolving continental trade disputes.
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Interim leader John Fraser cited the partial sale of public utility Hydro One as a turning point for the Liberals before their devastating defeat in Ontario’s spring election.
‘We lost our way,’ Ontario Liberal leader tells party members at election post-mortem
Raptors guard Kyle Lowry is in the getting-to-know-you stage of his basketball relationship with Kawhi Leonard.
Kyle Lowry and Kawhi Leonard never far apart at Raptors’ practices
Canadian Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland participate in a panel discussion at the Council on Foreign Relations in New York, Tuesday, Sept. 25.
Trudeau will benefit on NAFTA regardless of outcome
Economists had predicted serious though not catastrophic damage to the Canadian economy if the 24-year-old NAFTA had vanished, with the losses concentrated in Ontario.
The final stage of the negotiations had focused on a small number of issues on which both sides had dug in their heels.
Canada insisted on preserving NAFTA’s “Chapter 19” system that allows Canada to challenge U.S. trade duties at an independent tribunal rather than in U.S. courts. The U.S. had wanted to eliminate it. Sources said this weekend that the deal would include some version of the system, but perhaps with a time limit on it or some other Canadian concession.
The U.S. insisted on substantially more access to Canada’s tightly protected dairy market. Trudeau vowed to preserve the supply management system, which aids domestic farmers, but signalled he was open to incremental concessions. His officials suggested they were willing to do something similar to what they had done in the Trans-Pacific Partnership agreement, in which they opened 3.25 per cent of the market to foreign suppliers.
Canada had insisted on formal protection from the “national security” tariffs Trump had repeatedly threatened to impose on Canadian-made cars. Sources said it was likely Canada would receive something less than an absolute guarantee; U.S. news outlets reported that the U.S. was offering tariff-free access to a certain number of Canadian-made cars per year, higher than the current number, but would reserve the right to impose tariffs on cars above that number.
It was not immediately clear what would become of the steel and aluminum tariffs Trump imposed on Canada or the retaliatory tariffs Trudeau imposed on various U.S. products.
The name of the agreement is likely to change. Trump said he wants to call it “USMC,” the same abbreviation used by the United States Marine Corps.
U.S. Trade Representative Robert Lighthizer and senior aide Jared Kushner planned to brief Trump on Sunday, Reuters reported on Sunday afternoon. Kushner and the U.S. ambassador to Canada, Kelly Craft, were seen at the U.S. trade building in Washington late Sunday night.
Canadians, iBy DANIEL DALEWashington Bureau Chief
TONDA MACCHARLESOttawa Bureau
Sun., Sept. 30, 2018
WASHINGTON—Canada and the U.S. have agreed on a new North American Free Trade Agreement, two Canadian officials said late Sunday, concluding an acrimonious 13-month negotiation that had hindered the Canadian economy and damaged relations between the two countries.
They have not yet released the details on which the deal will ultimately be judged. The news that they have struck any kind of deal, though, means Prime Minister Justin Trudeau has achieved a long-sought goal: convincing U.S. President Donald Trump to preserve a trade accord Trump has repeatedly threatened to terminate.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June. (EVAN VUCCI / THE ASSOCIATED PRESS)
Bloomberg News reported that Trump is “on board” with the deal. The two countries were expected to release statements shortly.
The news of an agreement is likely to be greeted with relief by businesses across the continent, whose planning decisions have been complicated by the uncertainty. Bank of Canada Governor Stephen Poloz said in April that trade uncertainty was the top factor slowing business investment in Canada.
The deal will include substantial changes to the rules governing the North American auto industry. And it will affect dozens of other industries and the consumers who buy their products, from milk to medicine.
Word of the agreement came late Sunday night, just before the deadline the Trump administration had set for publicly publishing the text of its preliminary agreement with Mexico. That would have started a 60-day countdown to the possibility of Trump and Mexican President Enrique Pena Nieto signing a deal that did not include Canada.
The process of finalizing the merged three-country agreement is still far from over. Most critically, the legislatures of Canada, the U.S. and Mexico, which previously struck its own preliminary agreement with the U.S., must now vote in favour of the final three-country deal. While that will not be a problem in Canada or Mexico, the U.S. Congress may prove more difficult.
Nonetheless, the agreement between Trump and Trudeau appears to put to rest, at least for now, a primary source of bilateral tension. Trump had grown increasingly critical toward Trudeau and Canada as the difficult negotiations dragged on, and he had threatened to “ruin” the Canadian economy with car tariffs if there was no deal.
The Sunday deal followed a weekend scramble in Ottawa and Washington. Trudeau’s top officials huddled in his office into the night on Saturday and Sunday. Trudeau arrived on Sunday night, declining to comment to waiting reporters. He convened a meeting of his cabinet around 10 p.m.
NAFTA governs more than $1 trillion in annual trade between the three countries. It guarantees tariff-free trade of most products, facilitates the movement of investment capital and professional workers across the two borders, sets rules governing hundreds of kinds of businesses and provides a system for resolving continental trade disputes.
Trending
Interim leader John Fraser cited the partial sale of public utility Hydro One as a turning point for the Liberals before their devastating defeat in Ontario’s spring election.
‘We lost our way,’ Ontario Liberal leader tells party members at election post-mortem
Raptors guard Kyle Lowry is in the getting-to-know-you stage of his basketball relationship with Kawhi Leonard.
Kyle Lowry and Kawhi Leonard never far apart at Raptors’ practices
Canadian Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland participate in a panel discussion at the Council on Foreign Relations in New York, Tuesday, Sept. 25.
Trudeau will benefit on NAFTA regardless of outcome
Economists had predicted serious though not catastrophic damage to the Canadian economy if the 24-year-old NAFTA had vanished, with the losses concentrated in Ontario.
The final stage of the negotiations had focused on a small number of issues on which both sides had dug in their heels.
Canada insisted on preserving NAFTA’s “Chapter 19” system that allows Canada to challenge U.S. trade duties at an independent tribunal rather than in U.S. courts. The U.S. had wanted to eliminate it. Sources said this weekend that the deal would include some version of the system, but perhaps with a time limit on it or some other Canadian concession.
The U.S. insisted on substantially more access to Canada’s tightly protected dairy market. Trudeau vowed to preserve the supply management system, which aids domestic farmers, but signalled he was open to incremental concessions. His officials suggested they were willing to do something similar to what they had done in the Trans-Pacific Partnership agreement, in which they opened 3.25 per cent of the market to foreign suppliers.
Canada had insisted on formal protection from the “national security” tariffs Trump had repeatedly threatened to impose on Canadian-made cars. Sources said it was likely Canada would receive something less than an absolute guarantee; U.S. news outlets reported that the U.S. was offering tariff-free access to a certain number of Canadian-made cars per year, higher than the current number, but would reserve the right to impose tariffs on cars above that number.
It was not immediately clear what would become of the steel and aluminum tariffs Trump imposed on Canada or the retaliatory tariffs Trudeau imposed on various U.S. products.
The name of the agreement is likely to change. Trump said he wants to call it “USMC,” the same abbreviation used by the United States Marine Corps.
U.S. Trade Representative Robert Lighthizer and senior aide Jared Kushner planned to brief Trump on Sunday, Reuters reported on Sunday afternoon. Kushner and the U.S. ambassador to Canada, Kelly Craft, were seen at the U.S. trade building in Washington late Sunday night.
Canadians, iBy DANIEL DALEWashington Bureau Chief
TONDA MACCHARLESOttawa Bureau
Sun., Sept. 30, 2018
WASHINGTON—Canada and the U.S. have agreed on a new North American Free Trade Agreement, two Canadian officials said late Sunday, concluding an acrimonious 13-month negotiation that had hindered the Canadian economy and damaged relations between the two countries.
They have not yet released the details on which the deal will ultimately be judged. The news that they have struck any kind of deal, though, means Prime Minister Justin Trudeau has achieved a long-sought goal: convincing U.S. President Donald Trump to preserve a trade accord Trump has repeatedly threatened to terminate.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June. (EVAN VUCCI / THE ASSOCIATED PRESS)
Bloomberg News reported that Trump is “on board” with the deal. The two countries were expected to release statements shortly.
The news of an agreement is likely to be greeted with relief by businesses across the continent, whose planning decisions have been complicated by the uncertainty. Bank of Canada Governor Stephen Poloz said in April that trade uncertainty was the top factor slowing business investment in Canada.
The deal will include substantial changes to the rules governing the North American auto industry. And it will affect dozens of other industries and the consumers who buy their products, from milk to medicine.
continues on this link https://www.thestar.com/news/world/...d-our-politicians-for-decades-trump-says.html
heres another article from Macleans https://www.macleans.ca/news/canada/nafta-lives-canada-and-the-u-s-reach-an-11th-hour-a-deal/
TONDA MACCHARLESOttawa Bureau
Sun., Sept. 30, 2018
WASHINGTON—Canada and the U.S. have agreed on a new North American Free Trade Agreement, two Canadian officials said late Sunday, concluding an acrimonious 13-month negotiation that had hindered the Canadian economy and damaged relations between the two countries.
They have not yet released the details on which the deal will ultimately be judged. The news that they have struck any kind of deal, though, means Prime Minister Justin Trudeau has achieved a long-sought goal: convincing U.S. President Donald Trump to preserve a trade accord Trump has repeatedly threatened to terminate.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June. (EVAN VUCCI / THE ASSOCIATED PRESS)
Bloomberg News reported that Trump is “on board” with the deal. The two countries were expected to release statements shortly.
The news of an agreement is likely to be greeted with relief by businesses across the continent, whose planning decisions have been complicated by the uncertainty. Bank of Canada Governor Stephen Poloz said in April that trade uncertainty was the top factor slowing business investment in Canada.
The deal will include substantial changes to the rules governing the North American auto industry. And it will affect dozens of other industries and the consumers who buy their products, from milk to medicine.
Word of the agreement came late Sunday night, just before the deadline the Trump administration had set for publicly publishing the text of its preliminary agreement with Mexico. That would have started a 60-day countdown to the possibility of Trump and Mexican President Enrique Pena Nieto signing a deal that did not include Canada.
The process of finalizing the merged three-country agreement is still far from over. Most critically, the legislatures of Canada, the U.S. and Mexico, which previously struck its own preliminary agreement with the U.S., must now vote in favour of the final three-country deal. While that will not be a problem in Canada or Mexico, the U.S. Congress may prove more difficult.
Nonetheless, the agreement between Trump and Trudeau appears to put to rest, at least for now, a primary source of bilateral tension. Trump had grown increasingly critical toward Trudeau and Canada as the difficult negotiations dragged on, and he had threatened to “ruin” the Canadian economy with car tariffs if there was no deal.
The Sunday deal followed a weekend scramble in Ottawa and Washington. Trudeau’s top officials huddled in his office into the night on Saturday and Sunday. Trudeau arrived on Sunday night, declining to comment to waiting reporters. He convened a meeting of his cabinet around 10 p.m.
NAFTA governs more than $1 trillion in annual trade between the three countries. It guarantees tariff-free trade of most products, facilitates the movement of investment capital and professional workers across the two borders, sets rules governing hundreds of kinds of businesses and provides a system for resolving continental trade disputes.
Trending
Interim leader John Fraser cited the partial sale of public utility Hydro One as a turning point for the Liberals before their devastating defeat in Ontario’s spring election.
‘We lost our way,’ Ontario Liberal leader tells party members at election post-mortem
Raptors guard Kyle Lowry is in the getting-to-know-you stage of his basketball relationship with Kawhi Leonard.
Kyle Lowry and Kawhi Leonard never far apart at Raptors’ practices
Canadian Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland participate in a panel discussion at the Council on Foreign Relations in New York, Tuesday, Sept. 25.
Trudeau will benefit on NAFTA regardless of outcome
Economists had predicted serious though not catastrophic damage to the Canadian economy if the 24-year-old NAFTA had vanished, with the losses concentrated in Ontario.
The final stage of the negotiations had focused on a small number of issues on which both sides had dug in their heels.
Canada insisted on preserving NAFTA’s “Chapter 19” system that allows Canada to challenge U.S. trade duties at an independent tribunal rather than in U.S. courts. The U.S. had wanted to eliminate it. Sources said this weekend that the deal would include some version of the system, but perhaps with a time limit on it or some other Canadian concession.
The U.S. insisted on substantially more access to Canada’s tightly protected dairy market. Trudeau vowed to preserve the supply management system, which aids domestic farmers, but signalled he was open to incremental concessions. His officials suggested they were willing to do something similar to what they had done in the Trans-Pacific Partnership agreement, in which they opened 3.25 per cent of the market to foreign suppliers.
Canada had insisted on formal protection from the “national security” tariffs Trump had repeatedly threatened to impose on Canadian-made cars. Sources said it was likely Canada would receive something less than an absolute guarantee; U.S. news outlets reported that the U.S. was offering tariff-free access to a certain number of Canadian-made cars per year, higher than the current number, but would reserve the right to impose tariffs on cars above that number.
It was not immediately clear what would become of the steel and aluminum tariffs Trump imposed on Canada or the retaliatory tariffs Trudeau imposed on various U.S. products.
The name of the agreement is likely to change. Trump said he wants to call it “USMC,” the same abbreviation used by the United States Marine Corps.
U.S. Trade Representative Robert Lighthizer and senior aide Jared Kushner planned to brief Trump on Sunday, Reuters reported on Sunday afternoon. Kushner and the U.S. ambassador to Canada, Kelly Craft, were seen at the U.S. trade building in Washington late Sunday night.
Canadians, iBy DANIEL DALEWashington Bureau Chief
TONDA MACCHARLESOttawa Bureau
Sun., Sept. 30, 2018
WASHINGTON—Canada and the U.S. have agreed on a new North American Free Trade Agreement, two Canadian officials said late Sunday, concluding an acrimonious 13-month negotiation that had hindered the Canadian economy and damaged relations between the two countries.
They have not yet released the details on which the deal will ultimately be judged. The news that they have struck any kind of deal, though, means Prime Minister Justin Trudeau has achieved a long-sought goal: convincing U.S. President Donald Trump to preserve a trade accord Trump has repeatedly threatened to terminate.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June. (EVAN VUCCI / THE ASSOCIATED PRESS)
Bloomberg News reported that Trump is “on board” with the deal. The two countries were expected to release statements shortly.
The news of an agreement is likely to be greeted with relief by businesses across the continent, whose planning decisions have been complicated by the uncertainty. Bank of Canada Governor Stephen Poloz said in April that trade uncertainty was the top factor slowing business investment in Canada.
The deal will include substantial changes to the rules governing the North American auto industry. And it will affect dozens of other industries and the consumers who buy their products, from milk to medicine.
Word of the agreement came late Sunday night, just before the deadline the Trump administration had set for publicly publishing the text of its preliminary agreement with Mexico. That would have started a 60-day countdown to the possibility of Trump and Mexican President Enrique Pena Nieto signing a deal that did not include Canada.
The process of finalizing the merged three-country agreement is still far from over. Most critically, the legislatures of Canada, the U.S. and Mexico, which previously struck its own preliminary agreement with the U.S., must now vote in favour of the final three-country deal. While that will not be a problem in Canada or Mexico, the U.S. Congress may prove more difficult.
Nonetheless, the agreement between Trump and Trudeau appears to put to rest, at least for now, a primary source of bilateral tension. Trump had grown increasingly critical toward Trudeau and Canada as the difficult negotiations dragged on, and he had threatened to “ruin” the Canadian economy with car tariffs if there was no deal.
The Sunday deal followed a weekend scramble in Ottawa and Washington. Trudeau’s top officials huddled in his office into the night on Saturday and Sunday. Trudeau arrived on Sunday night, declining to comment to waiting reporters. He convened a meeting of his cabinet around 10 p.m.
NAFTA governs more than $1 trillion in annual trade between the three countries. It guarantees tariff-free trade of most products, facilitates the movement of investment capital and professional workers across the two borders, sets rules governing hundreds of kinds of businesses and provides a system for resolving continental trade disputes.
Trending
Interim leader John Fraser cited the partial sale of public utility Hydro One as a turning point for the Liberals before their devastating defeat in Ontario’s spring election.
‘We lost our way,’ Ontario Liberal leader tells party members at election post-mortem
Raptors guard Kyle Lowry is in the getting-to-know-you stage of his basketball relationship with Kawhi Leonard.
Kyle Lowry and Kawhi Leonard never far apart at Raptors’ practices
Canadian Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland participate in a panel discussion at the Council on Foreign Relations in New York, Tuesday, Sept. 25.
Trudeau will benefit on NAFTA regardless of outcome
Economists had predicted serious though not catastrophic damage to the Canadian economy if the 24-year-old NAFTA had vanished, with the losses concentrated in Ontario.
The final stage of the negotiations had focused on a small number of issues on which both sides had dug in their heels.
Canada insisted on preserving NAFTA’s “Chapter 19” system that allows Canada to challenge U.S. trade duties at an independent tribunal rather than in U.S. courts. The U.S. had wanted to eliminate it. Sources said this weekend that the deal would include some version of the system, but perhaps with a time limit on it or some other Canadian concession.
The U.S. insisted on substantially more access to Canada’s tightly protected dairy market. Trudeau vowed to preserve the supply management system, which aids domestic farmers, but signalled he was open to incremental concessions. His officials suggested they were willing to do something similar to what they had done in the Trans-Pacific Partnership agreement, in which they opened 3.25 per cent of the market to foreign suppliers.
Canada had insisted on formal protection from the “national security” tariffs Trump had repeatedly threatened to impose on Canadian-made cars. Sources said it was likely Canada would receive something less than an absolute guarantee; U.S. news outlets reported that the U.S. was offering tariff-free access to a certain number of Canadian-made cars per year, higher than the current number, but would reserve the right to impose tariffs on cars above that number.
It was not immediately clear what would become of the steel and aluminum tariffs Trump imposed on Canada or the retaliatory tariffs Trudeau imposed on various U.S. products.
The name of the agreement is likely to change. Trump said he wants to call it “USMC,” the same abbreviation used by the United States Marine Corps.
U.S. Trade Representative Robert Lighthizer and senior aide Jared Kushner planned to brief Trump on Sunday, Reuters reported on Sunday afternoon. Kushner and the U.S. ambassador to Canada, Kelly Craft, were seen at the U.S. trade building in Washington late Sunday night.
Canadians, iBy DANIEL DALEWashington Bureau Chief
TONDA MACCHARLESOttawa Bureau
Sun., Sept. 30, 2018
WASHINGTON—Canada and the U.S. have agreed on a new North American Free Trade Agreement, two Canadian officials said late Sunday, concluding an acrimonious 13-month negotiation that had hindered the Canadian economy and damaged relations between the two countries.
They have not yet released the details on which the deal will ultimately be judged. The news that they have struck any kind of deal, though, means Prime Minister Justin Trudeau has achieved a long-sought goal: convincing U.S. President Donald Trump to preserve a trade accord Trump has repeatedly threatened to terminate.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June.
Difficult NAFTA negotiations have been a significant source of tension between U.S. President Donald Trump and Prime Minister Justin Trudeau, seen here at the G7 meeting in Quebec in June. (EVAN VUCCI / THE ASSOCIATED PRESS)
Bloomberg News reported that Trump is “on board” with the deal. The two countries were expected to release statements shortly.
The news of an agreement is likely to be greeted with relief by businesses across the continent, whose planning decisions have been complicated by the uncertainty. Bank of Canada Governor Stephen Poloz said in April that trade uncertainty was the top factor slowing business investment in Canada.
The deal will include substantial changes to the rules governing the North American auto industry. And it will affect dozens of other industries and the consumers who buy their products, from milk to medicine.
continues on this link https://www.thestar.com/news/world/...d-our-politicians-for-decades-trump-says.html
heres another article from Macleans https://www.macleans.ca/news/canada/nafta-lives-canada-and-the-u-s-reach-an-11th-hour-a-deal/
eace:
