Canada’s last-minute agreement to join a new NAFTA with the U.S. and Mexico, resolves major trade and legislative hurdles for U.S. agriculture. The trilateral deal, seen as a big trade win for President Trump amid a protracted tariff fight with China, will also make it easier for U.S. dairy to compete in Canada, which strongly resisted changes to its supply management system. Here is American Farm Bureau Federation (AFBF) trade adviser, Dave Salmonsen.
Salmonsen says having Canada in a three-way deal, now called the U.S.-Mexico-Canada Agreement, makes it easier to get the deal through Congress, and preserves huge 25-year gains for American agriculture.
The latest agreement follows quickly behind a trade deal with South Korea and agreements to negotiate deals with Japan and the EU, adding to trade momentum the White House now hopes to build on with China and other major trading partners.
Source: National Association of Farm Broadcasters