Kudlow: Trump's US-Mexico-Canada Trade Agreement 'Sends a Message to China'

Trump and Trudeau agree on a revised NAFTA deal

Trump and Trudeau agree on a revised NAFTA deal

The United States and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost US access to Canada's dairy market and protect Canada from possible USA autos tariffs, two Canadian sources with direct knowledge of the talks said on Sunday.

A tongue-in-cheek tweeter suggested there could be confusion with the United States Minority Contractors Association or the United States Motorcycle Coaching Association. It follows a ratcheting-up of the escalating trade war between the United States and China, in which the two countries are taking turns imposing tariffs.

This clause could be used to prevent China from trying to circumvent the steep tariffs that the USA has slapped on Chinese imports by funneling its merchandise through either Canada or Mexico.

The comments came the day after Trump publicly said that the United States negotiators "don't like their representative very much".

The clause stipulates that the other two nations in the pact have the option of pulling out of the deal if any one of them signs a free trade deal with a "non-market" country. "We are only waiting for an understanding between the United States and Canada and we hope that understanding will happen so that it's a trilateral agreement".

The new agreement provides protection for manufacturing jobs in North America, while improving market access for a number of industry sectors.

Kavanaugh hearing: Republican senators abandon female prosecutor Rachel Mitchell
Ford testified that she was "100%" certain it was Kavanaugh who sexually assaulted her when they were in high school decades ago. Bob Corker, R-Tenn., who is not on the Judiciary Committee, said, "Inadvertently somebody will do something that's insensitive".

Just hours before a US -set deadline, the USA and Canada reached an agreement on a rewrite of the North American Free Trade Agreement. But, the USA market is allowed to go into it now. USMCA will "allow us to reclaim a supply chain that has been off-shored to the world because of unfair trade issues".

Negotiators from both sides spent two days talking by phone as they tried to settle a range of hard issues such as access to Canada's dairy market and USA tariffs. The revisions include changes on auto-sourcing rules as well as new or updated provisions on digital trade, financial services and other areas of commerce. "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".

"The economic ties between the three countries are a major contributor to each country's financial success, and no state benefits more from the NAFTA relationship than Texas".

Dairy: The U.S. will be permitted to increase its imports of dairy exports into Canada. "But in terms of rights and obligations, it doesn't impose any obligation on Canada not to negotiate an agreement with anybody".

"Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico".

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

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