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sounds like Canada was able to hang on to cultural exemptions, the resolution mechanism, and gave up just minor access to the dairy market (similar to TPP deal)

We’ll know more tomorrow but it doesn’t feel like a massive shift.

That won’t stop Trumpanzees from declaring a massive victory, like this twat.

@jacobawohl
BREAKING: In MASSIVE victory for President Trump, Canada folds and agrees to join in US-Mexico trade deal

So in other words, they blinked, but will pretend that we blinked.
 
So in other words, they blinked, but will pretend that we blinked.

Freeland is amazing.

Dumied the Europeans with tears, Asia Pacific with delays and the Americans with not giving a damn about deadlines and knowing that the Americans would need to cave on a deal to have any hope of getting it past congress.

Well done Canada.
 
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Some of the early details:

Daniel Dale @ddale8
Per Team Trump: 1) Chapter 19 and cultural exemption stay, as Trudeau demanded. 2) US gets more dairy access than the 3.25% Canada granted to partners in TPP, as Trump demanded. 3) No major changes on TN visas. 4) Steel, alum tariffs unresolved. 5) A side agreement on auto tariffs; wouldn't go into details, but Canadian sources say that a certain number of Canadian cars, significantly higher than the current number exported to the U.S., will be guaranteed protection from any future Trump "natl security" tariffs.
 
Steel not being resolved is a bit concerning, though it's my understanding that some of the 'Canadian' steel coming over the border was more Chinese than Canadian (ie Chinese steel with minimal processing in Canada, with a made in Canada stamp on it).
 
Canada also made concessions on pharma patents (extended to 10 years - hurts our generic drug manufacturers) and raised the de minimis duty free purchase from $20 to $100 (Canada will collect GST on this though).

But yeah, overall, crisis more or less averted. The one thing I do want to see the nitty gritty about is the dairy concessions, specifically the one allowing the import of American cheese-making ingredients. Basically I want to know if we conceded to allow American BGH-laced shit to start being used in the manufacture of Canadian cheese. Cause that I would not like.

But everything else, eh, pretty good. Keeping Chapter 19 is a big win. The ability for corporations to sue governments was majorly watered down. And the steel and aluminum tariffs are annoying.

So Trudeau definitely ceded a good amount of ground. But not really any major concessions.
 
Lost in the NAFTA weekend cycle is this bit of great news. Canada cutting out the USA in the Natural Gas trade

Royal Dutch Shell Plc and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada -- the largest new one of its kind in years that would carve out the fastest route to Asia for North American gas.

The project marks a turning point for Canada and the gas industry. Set to be the nation’s largest infrastructure project ever, LNG Canada augurs a new wave of investments for major gas export projects after a three-year hiatus forced by a global supply glut. LNG Canada will be able to send cargoes from Kitimat, British Columbia to Tokyo in about eight days versus 20 days from the U.S. Gulf.

It’s also a welcome boost for Canadian Prime Minister Justin Trudeau. LNG Canada promises better prices for the country, whose energy exports are sold almost exclusively to the U.S. at depressed prices for lack of a coastal facility.


https://www.bloomberg.com/news/articles/2018-09-30/shell-partners-said-to-approve-31-billion-lng-canada-project
 
The only reason this deal was made was beacuse they realized a mexico/U.S only deal was never getting approved.

If you take a step back, the only reason is Trump wanted to rip a former deal, change a few commas, slap his name on it, and declare a massive improvement.
 
Lost in the NAFTA weekend cycle is this bit of great news. Canada cutting out the USA in the Natural Gas trade

Royal Dutch Shell Plc and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada -- the largest new one of its kind in years that would carve out the fastest route to Asia for North American gas.

The project marks a turning point for Canada and the gas industry. Set to be the nation’s largest infrastructure project ever, LNG Canada augurs a new wave of investments for major gas export projects after a three-year hiatus forced by a global supply glut. LNG Canada will be able to send cargoes from Kitimat, British Columbia to Tokyo in about eight days versus 20 days from the U.S. Gulf.

It’s also a welcome boost for Canadian Prime Minister Justin Trudeau. LNG Canada promises better prices for the country, whose energy exports are sold almost exclusively to the U.S. at depressed prices for lack of a coastal facility.


https://www.bloomberg.com/news/articles/2018-09-30/shell-partners-said-to-approve-31-billion-lng-canada-project

any way you could ballpark numbers for us? i.e. how big is this deal compared to the total industry?
 
If you take a step back, the only reason is Trump wanted to rip a former deal, change a few commas, slap his name on it, and declare a massive improvement.

he got enough. America can bully anyone they want into marginally better deals.

all depends on whether there's a longer term cost to that strategy.
 
If you take a step back, the only reason is Trump wanted to rip a former deal, change a few commas, slap his name on it, and declare a massive improvement.

yup.

Lighthizer seemed to run a pretty tough bargain though. Honestly believe he was tougher than Trump would have been. Trump doesn't give two shits about the nitty gritty or the details.

And realistically, it's not likely he honours the terms of the agreement anyways.
 
Santiago Pérez
@PerezEnMexico
On new name for revamped Nafta, Mexico’s @ildefonsogv explains: “If the boy has two legs, is going to walk and is in good health, it doesn't matter if he’s called Juan, Pepe or Pedro.”
 
any way you could ballpark numbers for us? i.e. how big is this deal compared to the total industry?

Up to 26 million tons per year. Current worldwide market is about 300 million tons


It's also the most expensive infrastructure program in Canadian history
7500+ construction jobs
And a big win, considering nobody has invested a dime in Canadian energy in years
 
Up to 26 million tons per year. Current worldwide market is about 300 million tons


It's also the most expensive infrastructure program in Canadian history
7500+ construction jobs
And a big win, considering nobody has invested a dime in Canadian energy in years

whoa. nice.

what's the total canadian production before this deal? total US?
 
Katie Simpson @CBCKatie
3m
Freeland says dairy will be compensated for the additional US access to the market ****this is news**** need to find out exactly what it looks like and if dairy farmers are going to be happy.
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one of the major issues here is that US dairy is heavily subsidized. so i'm guessing that the "concessions" made to the US here just mean that Canada will resort to a similar system of subsidizing our dairy farmers as well, to keep the competitive balance.
 
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