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United States and Canada claim victory as NAFTA saved at the last

02 October 2018

The deal, reached late Sunday, will govern $1.2 trillion United States in trade, making it the biggest agreement in the country's history, and marks the end of an era during which the usa has been "treated so badly" on trade by other countries around the world, the president said.

Mr Trump said the deal was a victory for farmers, auto workers and the USA manufacturing industry: "It means far more American jobs, and these are high-quality jobs".

The United States Mexico Canada Agreement will replace the North American Free Trade Agreement, which was approved by President Clinton in the 90s.

The rarely expressed sentiment from Trump was reasonable - Congress might well not vote to ratify the agreement.

Peter Navarro, White House trade adviser, said on Sunday Morning Futures, that the goal for the agreement is to restore "North America as a manufacturing powerhouse". "There's a lot of concern about the deal". Leaders of the three countries will be able to sign the pact after a 60-day review period.

Despite the fact that Ottawa had long pushed back hard against allowing the deal to be periodically revisited, officials in the USA briefing said the new language includes a provision that will indeed see the deal reviewed every six years.

"There could be Democratic support for this" as it contains provisions favorable to American labor - a traditional backer of the Democratic Party, National Economic Council Director Larry Kudlow tells VOA.

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In addition, the two countries agreed to shield Canada from automobile tariffs imposed by the U.S. "This is not a Republican-only agreement".

"There were moments that were frustrating and hard and I was delighted that it all came together in the last while, because I think it removes a lot of uncertainty", MacNaughton said.

He said market access - Canada's supply management system rigidly controls foreign exports to the Canadian market - has suffered significant hits in a series of recent trade deals.

With limited details on what USMCA entails, the Times reports that with the new agreement, Canada's dairy management system will ease its protections, allowing the us more access to Canada's dairy products.

He has adopted an "America First" policy and launched a trade war against China, as well as imposed tariffs on steel and aluminium imports from Mexico and Canada.

Speaking at a press conference Monday, Trump said, "We'll see what happens with China", with regard to trade, adding, "Frankly, it's too early to talk".

Still, while the new deal keeps the heart of NAFTA in place, the USMCA does include a long list of changes that will affect several different sectors.

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Trump campaigned in OH during the 2016 presidential race advocating for a renegotiated NAFTA deal.

"This deadline was real", according to a senior US official.

Several rounds of discussions have taken place, with the United States pressing India to lift trade barriers, especially on medical devices and poultry, holding up an American trade promotion programme of zero-import duties for developing nations, of which India has been the largest beneficiary.

Wiens said the United States-Mexico-Canada (USMCA) agreement further opens up Canada's dairy industry to US farmers.

Canada's government had faced strong opposition to elements of the revised pact from the country's dairy farmers.

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Critics argue that Chapter 11 was mainly used as a way for big corporations to get taxpayer money, but businesses say it was necessary to ensure they weren't harmed by sudden changes when new governments came into power in Mexico, Canada or the United States.

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