Canadian Dairy Farmers Aren't Happy With U.S. Trade Deal. Here's Why

About £1.5 billion of Chinese exports sourced from British goods have been hit by new tariffs

"We want to (have a trade) deal (with India)".

President Donald Trump said a new trade deal with Canada and Mexico would bring thousands of jobs back to North America in a "new dawn" for U.S. factory workers.

Canada and China had launched exploratory free trade talks in 2016. And U.S. dairy farmers may be able to sell a bit more to Canada.

Lawmakers from both parties have urged the White House to include Canada in any revised Nafta, warning that excluding Canada, which is America's largest export market, could disrupt supply chains, cost jobs, and slow the USA economy.

The discussions with India on a trade deal is at an "early" stage, the top White House official said.

In a joint statement, the two nations said the new United States-Mexico-Canada Agreement (USMCA) would "result in freer markets, fairer trade and robust economic growth in our region".

"It's a good day for Canada", Canadian Prime Minister Justin Trudeau said.

Canada's efforts to forge trade deals with other countries are now far less likely to lead to free-trade negotiations with China, experts predict, because of a clause in the new North American deal that appears to give the United States unprecedented leverage over its partners' other trading relationships.

"The Canadian dairy market will now be filled by surplus milk", from the U.S., David Wiens, vice-president of the Dairy Farmers of Canada, told Bloomberg.

"We have always just focused on the reality that this is a good deal for everyone and we've always believed that we were going to get here", Freeland said. "We fail to see how this deal can be good for the 220,000 Canadian families that depend on dairy for their livelihood". That followed a testy meeting in June, when Trump accused Trudeau of being "dishonest".

While understanding the deal is still preliminary, Canadian dairy farmers will still feel the pinch from losing more market access, said a Dairy Farmer of Ontario representative.

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"This is a truly extraordinary agreement for the US, Canada and Mexico".

Political deadlines are often fuzzy but Canada and the USA appear to be working towards some major compromises and a NAFTA deal.

Details on the deal remained sparse, but USA administration officials say it provides increased access to Canada's dairy market for US producers and limits the American impact of Canada's controversial supply management system for dairy and poultry products.

The president 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. I said, "Frankly, it's too early to talk".

United States president Donald Trumps says the agreement was "truly historic".

He argues that in addition to recent trade agreements with Pacific Rim countries and the European Union, reduced access actually amounts closer to 10 per cent.

"We had a NAFTA deal that was working reasonably well so we will call it a win because we were able to retain the key parts of the existing NAFTA deal in terms of our access to the USA market".

Trump hasn't made his disdain for NAFTA a secret, calling it the "worst trade deal ever made" and a job-killing "disaster" for the United States. US officials intend to sign the new trilateral deal at the end of November, after which it would be submitted to the US Congress for approval, according to a senior US official. "And of course the stakes are considerably higher when dealing with China - the Chinese have leverage over the U.S. that Canada simply doesn't have".

On the flip side of Canada's more open dairy market, the country's own farmers may be negatively affected. "China wants to talk very badly", he said.

"Justin Trudeau needs to explain how much Canada lost in the new USMCA".

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