TopStory - Trudeau hails USMCA as trilateral win

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Trump, as well as American farmers, have always been furious about this, despite the fact that Canada imports far more American milk than the U.S. imports Canadian milk; the United States has a trade surplus of about $400 million in dairy. But the US Congress is not likely to have a vote on the trade pact until next year, according to media reports.

All in the past two weeks. Trump again threatened auto tariffs on Canada, calling it the "mother lode".

Mexican Economy Secretary Ildefonso Guajardo called it "a state-of-the-art instrument that will bring great economic benefits to Mexico, Canada and the US".

Some likeminded business groups agree that Trump's in-your-face style, a far more confrontational stance than his predecessors deployed, deserves credit.

TRUMP: "The agreement will govern almost $1.2 trillion in trade, which makes it the biggest trade deal in the United States' history". He said the deal needed to be fair since one trading partner is 10 times larger.

"You saw three things come together", Uczjo said.

His comments came in response to the question where did the U.S. now stand with China and what signal he hopes Beijing will take from the trade deal.

The new agreement will do more than simply help the three economies generate more growth (they already trade more than $2 million a minute). Canada also was not able to remove steel and aluminum tariffs. Four months later, he threatened to target foreign autos and auto parts - imports that amounted to $340 billion a year ago. Trump withdrew the United States from the pact on his third day in office. Many trade analysts dismissed that rationale as preposterous.

Whatever the legitimacy of his tariffs, by imposing and threatening them on national security grounds, Trump created leverage for himself. "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". In doing so, they took advantage of each country's strengths - cheap labor in Mexico, and skilled workers and proximity to customers in the United States and Canada.

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The minister was Mexico's head negotiator to the trade talks, which concluded Sunday night after a year and a month of talks. Now legislators in each country must ascertain what the pacts might actually yield. "We limited the damage and preserved our access to the American market".

"The European Union - it's been very tough on the United States".

TRUMP: "As one primary aspect, it will transform North America back into a manufacturing powerhouse".

"This impinges on Canadian sovereignty - the USA gets to tell us who we can enter into a free trade agreement with".

At first, Mexico refused to alter its trade policies, but now it has. Then, for the first time in a year, each side made a major concession: The Canadians committed to reducing dairy tariffs, and the USA gave in on protections for Canadian broadcasters and other red lines Trudeau had drawn, the people said. But that concession wasn't much more than Ottawa had agreed to in the TPP. And, at one point, Trump's trade adviser Peter Navarro said there was "a special place in hell" for Trudeau.

In his triumphant news conference announcing an agreement on the continental trade deal, Trump lambasted countries for high duties on United States products and poor treatment of American businesses. And, he suggested, any gains for the United States have come at a cost. He said he avoided meeting the Canadian leader and that he didn't like Canada's "representative" - Freeland, it's widely assumed. "It's been a bruising period". Besides exporting cars and other industrial products to the U.S., South Korea and Japan rely on America's military protection.

"The U.S. could conceivably terminate for Canada engaging in a free trade agreement discussion with China", said Cyndee Todgham Cherniak, a Toronto trade lawyer on Canada's roster for settling disputes under NAFTA. Even so, Trump has imposed tariffs on $250 billion in Chinese imports.

"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".

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