Among the most significant changes: U.S. dairy farmers will have marginally more access to Canada's market, a win for the U.S.; the mechanism used to resolve trade disputes is being preserved, despite strong U.S. opposition to it; Canadian and Mexican auto imports will have some exemptions from U.S. auto tariffs; and the new trade agreement will have a sunset clause-16 years, up from the five years the U.S. had demanded.
The new agreement shows not only how Trump is willing to risk alliances to get the kinds of agreements he believes benefit American workers, but also how, despite protests, U.S. partners have little choice but to go along with much of what the world's largest economy wants.
For the first time ever, a majority of Canadians hold an unfavorable view of the U.S., which is not only a nato.
While this statement will no doubt be pounced on by Trump's critics as indicative of how the president alienates America's allies and trading partners, the fact remains that the U.S., Canada, and Mexico have a deal that succeeds nafta.
The pact's remaining members are staying in the accord, hoping the U.S. eventually rejoins.
Since the withdrawal, the U.S. has signed a bilateral free-trade agreement with South Korea and entered into talks on one with Japan; both countries would rather deal with Trump than with a resurgent China, which they fear.
Trump has also said the U.K.-which is negotiating a divorce settlement with the European Union, prompted by Brexit-will have a preferential free-trade agreement with the U.S., and he has added that India has sought a bilateral free-trade agreement as well.
https://www.theatlantic.com/international/archive/2018/10/trump-nafta-canada/571795/
The new agreement shows not only how Trump is willing to risk alliances to get the kinds of agreements he believes benefit American workers, but also how, despite protests, U.S. partners have little choice but to go along with much of what the world's largest economy wants.
For the first time ever, a majority of Canadians hold an unfavorable view of the U.S., which is not only a nato.
While this statement will no doubt be pounced on by Trump's critics as indicative of how the president alienates America's allies and trading partners, the fact remains that the U.S., Canada, and Mexico have a deal that succeeds nafta.
The pact's remaining members are staying in the accord, hoping the U.S. eventually rejoins.
Since the withdrawal, the U.S. has signed a bilateral free-trade agreement with South Korea and entered into talks on one with Japan; both countries would rather deal with Trump than with a resurgent China, which they fear.
Trump has also said the U.K.-which is negotiating a divorce settlement with the European Union, prompted by Brexit-will have a preferential free-trade agreement with the U.S., and he has added that India has sought a bilateral free-trade agreement as well.
https://www.theatlantic.com/international/archive/2018/10/trump-nafta-canada/571795/
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