A Canadian on Quora responds to a trumpster bragging for the orange fool..

what a deal he forced on them.. right? I can hear him as i type..

But for get what he tells you and look at what the deal is about and why


Spoken like a true Trump supporter without actually looking at the issues. Either that or you're trolling.

Okay, I'll bite.

in the case of Canada we held out to the last minute because we knew Trump was under the gun for time and needed to be able to tell his supporters something. Consequently, we gave him three things:

A 2. 6% increase in the amount of dairy the United States can ship into Canada before the 270% tariffs kick in. Note that the 270% tariffs are still there. Canada did not give anything to Trump that we weren't prepared to offer in the TPP anyway. This is not a victory for Trump, but he will spin it as though it were. And apparently you will believe him.
We gave him a sunset clause, not for five years as that would be irresponsible, but for 16 years, which gives Canada enough time to separate its economy from the United States. This is especially true considering the amount of free trade agreements we've just signed. Which brings us to our third point.
The ability for other countries in the three country agreement to veto any free trade deal with a fourth party. This hardly matters to Canada. As I said we have already signed a number of free trade agreements and do not depend on the United States for free trade. In fact, the USMCA was the last major agreement we needed to sign.
So what did Trump get? Bragging rights to his base. What did the United States get? A little more milk which amounts to about half of the dairy genetics we sell to you guys.

What did Canada get?

1 million more Autos sold into the United States without tariffs.
30 billion dollars in auto parts sold into the United States without tariffs.
The arbitration process was kept intact.
Canadian media & Airwaves stays exclusively Canadian.
By waiting down to the wire to do this, because we really didn't have to sign and it was Trump that needed a victory before the elections, we effectively smacked Trump down. He lost face on an international stage to everyone except his supporters. And it was Canada who did it.
I hope this helps.

Adrian Lee Magill

A Canadian on Quora responds to a trumpster bragging for the orange fool..

what a deal he forced on them.. right? I can hear him as i type..

But for get what he tells you and look at what the deal is about and why


Spoken like a true Trump supporter without actually looking at the issues. Either that or you're trolling.

Okay, I'll bite.

in the case of Canada we held out to the last minute because we knew Trump was under the gun for time and needed to be able to tell his supporters something. Consequently, we gave him three things:

A 2. 6% increase in the amount of dairy the United States can ship into Canada before the 270% tariffs kick in. Note that the 270% tariffs are still there. Canada did not give anything to Trump that we weren't prepared to offer in the TPP anyway. This is not a victory for Trump, but he will spin it as though it were. And apparently you will believe him.
We gave him a sunset clause, not for five years as that would be irresponsible, but for 16 years, which gives Canada enough time to separate its economy from the United States. This is especially true considering the amount of free trade agreements we've just signed. Which brings us to our third point.
The ability for other countries in the three country agreement to veto any free trade deal with a fourth party. This hardly matters to Canada. As I said we have already signed a number of free trade agreements and do not depend on the United States for free trade. In fact, the USMCA was the last major agreement we needed to sign.
So what did Trump get? Bragging rights to his base. What did the United States get? A little more milk which amounts to about half of the dairy genetics we sell to you guys.

What did Canada get?

1 million more Autos sold into the United States without tariffs.
30 billion dollars in auto parts sold into the United States without tariffs.
The arbitration process was kept intact.
Canadian media & Airwaves stays exclusively Canadian.
By waiting down to the wire to do this, because we really didn't have to sign and it was Trump that needed a victory before the elections, we effectively smacked Trump down. He lost face on an international stage to everyone except his supporters. And it was Canada who did it.
I hope this helps.

Adrian Lee Magill

A Canadian on Quora responds to a trumpster bragging for the orange fool..

what a deal he forced on them.. right? I can hear him as i type..

But for get what he tells you and look at what the deal is about and why


Spoken like a true Trump supporter without actually looking at the issues. Either that or you're trolling.

Okay, I'll bite.

in the case of Canada we held out to the last minute because we knew Trump was under the gun for time and needed to be able to tell his supporters something. Consequently, we gave him three things:

A 2. 6% increase in the amount of dairy the United States can ship into Canada before the 270% tariffs kick in. Note that the 270% tariffs are still there. Canada did not give anything to Trump that we weren't prepared to offer in the TPP anyway. This is not a victory for Trump, but he will spin it as though it were. And apparently you will believe him.
We gave him a sunset clause, not for five years as that would be irresponsible, but for 16 years, which gives Canada enough time to separate its economy from the United States. This is especially true considering the amount of free trade agreements we've just signed. Which brings us to our third point.
The ability for other countries in the three country agreement to veto any free trade deal with a fourth party. This hardly matters to Canada. As I said we have already signed a number of free trade agreements and do not depend on the United States for free trade. In fact, the USMCA was the last major agreement we needed to sign.
So what did Trump get? Bragging rights to his base. What did the United States get? A little more milk which amounts to about half of the dairy genetics we sell to you guys.

What did Canada get?

1 million more Autos sold into the United States without tariffs.
30 billion dollars in auto parts sold into the United States without tariffs.
The arbitration process was kept intact.
Canadian media & Airwaves stays exclusively Canadian.
By waiting down to the wire to do this, because we really didn't have to sign and it was Trump that needed a victory before the elections, we effectively smacked Trump down. He lost face on an international stage to everyone except his supporters. And it was Canada who did it.
I hope this helps.

Adrian Lee Magill

A Canadian on Quora responds to a trumpster bragging for the orange fool..

what a deal he forced on them.. right? I can hear him as i type..

But for get what he tells you and look at what the deal is about and why


Spoken like a true Trump supporter without actually looking at the issues. Either that or you're trolling.

Okay, I'll bite.

in the case of Canada we held out to the last minute because we knew Trump was under the gun for time and needed to be able to tell his supporters something. Consequently, we gave him three things:

A 2. 6% increase in the amount of dairy the United States can ship into Canada before the 270% tariffs kick in. Note that the 270% tariffs are still there. Canada did not give anything to Trump that we weren't prepared to offer in the TPP anyway. This is not a victory for Trump, but he will spin it as though it were. And apparently you will believe him.
We gave him a sunset clause, not for five years as that would be irresponsible, but for 16 years, which gives Canada enough time to separate its economy from the United States. This is especially true considering the amount of free trade agreements we've just signed. Which brings us to our third point.
The ability for other countries in the three country agreement to veto any free trade deal with a fourth party. This hardly matters to Canada. As I said we have already signed a number of free trade agreements and do not depend on the United States for free trade. In fact, the USMCA was the last major agreement we needed to sign.
So what did Trump get? Bragging rights to his base. What did the United States get? A little more milk which amounts to about half of the dairy genetics we sell to you guys.

What did Canada get?

1 million more Autos sold into the United States without tariffs.
30 billion dollars in auto parts sold into the United States without tariffs.
The arbitration process was kept intact.
Canadian media & Airwaves stays exclusively Canadian.
By waiting down to the wire to do this, because we really didn't have to sign and it was Trump that needed a victory before the elections, we effectively smacked Trump down. He lost face on an international stage to everyone except his supporters. And it was Canada who did it.
I hope this helps.

Adrian Lee Magill

You seem to have left a few things out.

The Finance 202: Now comes the hard part on new trade deal with Canada and Mexico

Meanwhile, the U.S. tariffs on Canadian steel and aluminum will remain in place, but the U.S. will not impose them on most Canadian autos.

In return, per The Globe and Mail’s Robert Fife and Adrian Morrow, “Canada would accept a quota system that would place stricter limits on the export of Canadian-made vehicles into the U.S. market.”

Most importantly, the deal “preserves a regional economic unit that enables North American manufacturers, particularly in the auto industry, to compete against global rivals.

Canada and Mexico rank first and second among export markets for U.S. companies,” David writes. “Total U.S. trade with the two countries last year topped $1.1 trillion.”

The response from business groups was more unequivocally positive. The Business Roundtable said it was “encouraged” that the breakthrough maintains the original pact’s “trilateral structure that is critical for North American supply chains.” Jay Timmons, president of the National Association of Manufacturers, made the same point in a statement. “What’s more, as the United States works to put an end to China’s cheating and unfair trade practices, we are better off united with our North American allies,” he said.

Investors are likewise encouraged. From Bloomberg: “U.S. equity futures jumped alongside the currencies of Canada and Mexico as negotiators agreed to preserve a three-way trade bloc. The breakthrough supported equity markets, with European stocks climbing as havens including the yen and gold fell. S&P 500 futures indicated the gauge will add to its advance after finishing the best quarter since 2013.”

And yet, U.S. stocks widen lead over the world. WSJ: "U.S. stocks are trading at their highest premiums to international shares in years, reflecting bets among investors that the domestic economy will keep powering past its peers around the world. After a tepid first half of the year, the S&P 500 surged 7.2% in the third quarter, its biggest gain since the end of 2013."
https://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2018/10/01/the-finance-202-now-comes-the-hard-part-on-new-trade-deal-with-canada-and-mexico/5bb0e2991b326b7c8a8d1778/?noredirect=on&utm_term=.5c40c22ccbca

Republicans worried about time limit of proposed U.S.-Mexico-Canada trade agreement

The proposed trade pact, whose unwieldy acronym is USMCA, is slated to expire after 16 years, giving all sides a chance to revisit the deal and tweak it, rewrite it or scrap it.

Administration officials dubbed it a “review and termination” clause, and said it was the first of its kind in a U.S. trade agreement. Indeed, experts struggled to come up with a parallel in any other major world trade deal.

And there’s a built in review after six years, giving all sides a chance to see who’s living up to their obligations and whether any country is disproportionately benefitting. If the review is followed, it can buy another 16 years’ life for the deal, the White House said.

For the administration, the review and sunset were key features of the deal, with the White House determined to ensure that future administrations would not be locked into a bad deal the way President Trump he says he was.
https://www.washingtontimes.com/news/2018/oct/1/republicans-worried-about-time-limit-of-proposed-u/