Wisconsin farmers weigh in on NAFTA replacement

Trump and Trudeau agree on a revised NAFTA deal

"Converting NAFTA to a bilateral agreement between the USA and Mexico was always a non-starter in Congress and would have dramatically undermined the benefits from our current, longstanding continent-wide free trade zone".

They point to the rising trade tensions between the United States and China as the likely impetus behind the provision.

Autos: The USMCA will require 75% of the regional value content of a vehicle, per the net cost method, to be manufactured in North America in order to qualify for duty-free treatment between the U.S., Canada, and Mexico, up from the current 62.5%.

The clause, which has stirred controversy in Canada, fits in with U.S. President Donald Trump's efforts to isolate China economically and prevent Chinese companies from using Canada or Mexico as a "back door" to ship products tariff-free to the United States. "That's the motherlode, that's the big one", U.S. President Donald Trump said last week during his explosive news conference on the margins of the UN General Assembly in NY.

"It doesn't have to be a full-fledged free-trade agreement to be a useful conversation", he said.

The clause in the new agreement - which still needs formal approval in all three countries - gives the other partners a say in the text of such a deal.

Trump had been critical of Freeland the day before at a post-United Nations press conference, taking a shot at Canada's top negotiator during a long diatribe about the NAFTA talks.

Morneau said in his earlier speech that Canada is looking to create tourism, education and financial-service opportunities with countries such as China as it works to expand its oil and gas industry to foreign markets with the building of the Trans Mountain pipeline. - Reinvigorating U.S. auto manufacturing.

President Donald Trump reportedly accepted the new deal while Canadian Prime Minister Justin Trudeau held a late-night meeting with his Cabinet in Ottawa.

"For a quarter century NAFTA has been disastrous for working people in the U.S., Canada and Mexico and a gift to corporations offshoring good U.S.jobs", the UAW, which supported Trump's push to revamp NAFTA, said in a statement.

They suspected that Canada, which had said it wasn't bound by USA deadlines, was delaying the talks until after provincial elections Monday in Quebec, where support for Canadian dairy tariffs runs high. "But in terms of rights and obligations, it doesn't impose any obligation on Canada not to negotiate an agreement with anybody".

"The U.S. could conceivably terminate for Canada engaging in a free trade agreement discussion with China", said Cyndee Todgham Cherniak, a Toronto trade lawyer on Canada's roster for settling disputes under NAFTA. Still, for both labor and environment standards set out in the new accord, labor unions and other groups said it was unclear whether the provisions had strong enforcement rules tied to them.

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