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Old 09-30-2018, 11:07 PM   #1
MONEY
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It's Alive!! NAFTA

"Canada has agreed to sign on to a trade deal between US and Mexico, preserving the three-country North American Free Trade Agreement after more than a year of tortuous negotiations, a US official and a Canadian official told CNN late Sunday.

The US and Canadian governments agreed to a deal that would allow greater access to Canada's dairy market and address concerns about potential auto tariffs just hours before a self-imposed midnight deadline, the officials said."

https://www.cnn.com/2018/09/30/polit...ada/index.html
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Old 09-30-2018, 11:12 PM   #2
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Can't wait to hear the Trumpists talk about this...

We don't have all of the details yet but...
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Old 09-30-2018, 11:18 PM   #3
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Doesn't surprise me...probably a cave-in on Trump's part from Crown pressure and City of London banker portfolio potential losses...let's see the details.
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Old 09-30-2018, 11:22 PM   #4
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Doesn't surprise me...probably a cave-in on Trump's part from Crown pressure and City of London banker portfolio potential losses...let's see the details.
Canadian media reporting TPP level access to dairy market in exchange for keeping NAFTA Chapter 19.

So... nothing on that front.

Waiting on the rest.
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Old 09-30-2018, 11:28 PM   #5
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Okay so early understanding is the Canadians have negotiated themselves a future exemption from United States auto tariffs.

The quota is the amount of Canadian auto exports that would be exempt if the United States placed tariffs on auto imports.

Basically the United States got nothing... except for levels of access to the Canadian dairy market they would have gotten with TPP.
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Old 10-01-2018, 01:08 AM   #6
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Love that Canadian half and half!!
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Old 10-01-2018, 07:52 AM   #7
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Love that Canadian half and half!!
It's hilarious.

Canada agrees to the stuff it already agreed to in TPP and CETA while carving out future exemptions for itself.

The Trump Administration is going to really harp on that dairy portion of the agreement... so... when you remember all the bluster and shit-talking that's happened between us and Canada this year it all came down to about $800 million dollars in milk.

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Old 10-01-2018, 08:04 AM   #8
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EDIT:

Oh and it's not NAFTA anymore. Its the USMCA.

Changing the name was actually a US stipulation.

Trump: 100% branding. 0% substance.
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Old 10-01-2018, 08:13 AM   #9
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Your like a....genius.
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Old 10-01-2018, 08:14 AM   #10
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More importantly. Big blow to Chinas already failing economy.
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Old 10-01-2018, 08:17 AM   #11
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More importantly. Big blow to Chinas already failing economy.
Bigger blow would have been to simply join TPP which is all this is... minus the other 10 countries.

As a Canadian you should be happy. You gave up basically nothing in these negotiations and got what is essentially immunity from any future US Auto Tariffs.
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Old 10-01-2018, 08:17 AM   #12
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One more win for VSGDJTrump.
#winning
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Old 10-01-2018, 08:18 AM   #13
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Originally Posted by elysiantraveller View Post
Bigger blow would have been to simply join TPP which is all this is... minus the other 10 countries.

As a Canadian you should be happy. You gave up basically nothing in these negotiations and got what is basically immunity from any future US Auto Tariffs.
You dont know.
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Old 10-01-2018, 08:20 AM   #14
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You dont know.
I do.

It's not secret what both sides agreed to.
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Old 10-01-2018, 08:23 AM   #15
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Window dressing ... So much for overturning NAFTA.
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