The agreement ends more than a year of tortuous melodrama, name-calling, insults and threats from U.S. President Donald Trump, and capped a weekend of 11th-hour negotiations created to meet the midnight deadline imposed by Trump to either get in or get out of the trilateral free trade agreement that Mexico had already signed off on behind Canada's back. US dairy farmers have also complained about Canadian policies that priced the USA out of the market for some dairy powders and allowed Canada to flood world markets with its own versions. It'll then go through Congress for approval.
This clause could be used to prevent China from trying to circumvent the steep tariffs that the US has slapped on Chinese imports by funneling its merchandise through either Canada or Mexico.
"I felt throughout this negotiation truly a sacred trust", she said. "We are concerned, however, with increasing barriers for product sourcing (country of origin requirements) and wage standards that drive up costs for everyone, while protecting only a few jobs at the expense of many others", they wrote.
When Trump first announced the tariffs on Canadian steel and aluminum, he said it was because we refused to sign his new NAFTA agreement.
Trudeau said Canada has successfully preserved key elements of the original North American Free Trade Agreement while building on the agreement to expand opportunity and improve protections for workers across North America. All three countries were in agreement that they wanted more vehicle components built in North America rather than in Asia or Europe.
He says Canada will work to protect local industries from USA producers flooding the market with steel and aluminum.
President Donald Trump has accused China of unfair development tactics, including "stealing or pressuring foreign companies to hand over technology".
The United States, Mexico, and Canada are expected to sign the deal by the end of November, 2018.
"By the time it enters into force, our dairy farmers can be very, very confident that they will have fair compensation", Freeland told CBC Radio's Metro Morning on Tuesday. Morneau says Canadian farmers will be compensated. "When this improved agreement is implemented, North American trade will be preserved and modernized for the 21st century, just as we set out to do".
Trump has declared an all-out trade war on China with billions of dollars in tariffs, which Beijing has described as "the biggest trade war in economic history".
"Democrats will closely scrutinize the text of the Trump administration's NAFTA proposal and look forward to further analyses and conversations with stakeholders", House Minority Leader Nancy Pelosi said in a statement.
It is not clear at this point whether the federal government plans to expand the scope of that program with additional funds to address the concerns of dairy farmers over the USMCA or whether it might buy back some of the quota being opened up.