The Democratic takeover of the House likely won’t affect U.S. tariffs on Canadian steel and aluminum exports.
This is clearly an “America First” agreement.
The new deal reportedly jettisons environmental obligations that were part of the last four U.S. trade deals.
This China clause has been portrayed as a humiliating imposition on Canadian sovereignty.
Canada’s supply management system will largely remain intact, to the disadvantage of Canadian consumers.
Dairy farmers in Canada benefit from high prices delivered by supply management.
Canada’s unemployment rate in August rose to six per cent with Ontario leading the way, losing about 80,000 jobs.
Household debt as a share of GDP is at a virtual all-time high.
When the Australian market was deregulated in 2000, the average price farmers received for raw milk almost doubled.